Bitcoin selling pressure eases but spot demand stays weak, Glassnode says
- —Spot CVD fell 24.7% over the week, from -$67 million to -$83.6 million
- —Supply in profit dropped from 70.1% to 68.2%; NUPL fell from 10.5% to 9%
- —Perpetual futures CVD improved 36.9% to -$562.7 million but stayed below its lower band
- —Futures open interest slipped 0.3% to $36.4 billion
Why it matters: Weak spot demand and low implied volatility leave BTC without a recovery catalyst, while options expiry could amplify price moves.
Source: FXStreet Crypto