Bitcoin has moved into a consolidation phase as spot selling pressure declined and derivatives traders increased leveraged exposure, Glassnode said. According to NS3.AI, U.S. spot Bitcoin ETF net outflows dropped 63.5% over the week, falling from $2.0 billion to $0.7 billion.
Glassnode attributed the shift to reduced spot-market selling alongside a rebuilding of leverage in derivatives markets, signaling changing positioning among traders during the consolidation period.
Bitcoin Enters Consolidation as Spot Selling Eases and ETF Outflows Slow, Glassnode Says
2026-07-07 07:01:38
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