Glassnode posted on the X platform that the timing of Bitcoin's rebound from the $107,000 price coincided with the net inflow of US spot ETF (exchange traded fund) funds turning from negative to positive. However, the daily net inflow of such ETFs is still less than 1,000 bitcoins, far below the level of more than 2,500 bitcoins/day at the start of the previous large rally in this round of the market.
Market demand is gradually picking up, but the recovery has not yet reached the intensity of recent rallies.
Glassnode: Market demand is gradually picking up, but the recovery has not yet reached the intensity of recent rounds of rising prices
2025-10-29 04:58:49
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