Bitcoin has rebounded after a recent sell-off, but the move appears to be a low-volume recovery with limited spot buying support, according to Glassnode’s latest Bitcoin Weekly Market Pulse report. According to ChainCatcher, weekly spot trading volume fell 21.5% to $4.1 billion, while spot cumulative volume delta turned negative to -$58.8 million, indicating weaker breadth of buying.
On the institutional side, U.S. spot Bitcoin ETFs returned to weekly net inflows of $161.3 million, but ETF trading volume declined 11.97% week over week to $8.4 billion.
On-chain indicators also weakened. Active addresses dropped 7.6% to 599,000, on-chain transfer volume fell 16.1% to $4.0 billion, and total fees declined 13.9% to $168,400.
In derivatives markets, futures funding rates rose 13.4% to $1.9 million, while perpetual contract cumulative volume delta fell 81.7% to $83.9 million. In options, the 25-delta skew increased to 18.87%, which Glassnode said suggests investors maintained strong demand for downside protection during the rebound.
Glassnode: Bitcoin Rebound Shows Weak Spot Demand as Trading and On-Chain Activity Decline
2026-07-13 09:43:55
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
STOCKS | Chip Selloff Hits Stocks as Oil Gains Lift YieldsNext article：
AI趋势 | Robinhood将推加密AI Agent交易功能
