Bitcoin Stabilizes, But Glassnode Warns Spot Demand Is Still Weak

3 hours ago

Bitcoin is showing tentative signs of stabilizatio

Bitcoin Stabilizes, But Glassnode Warns Spot Demand Is Still Weak

Bitcoin Stabilizes, But Glassnode Warns Spot Demand Is Still Weak

Bitcoin is showing tentative signs of stabilization after its pullback from $74,000, but Glassnode says the recovery still lacks the ingredients of a decisive bullish turn. In its March 9 Weekly Market Pulse, the analytics firm described a market that is improving at the margins even as spot participation, capital flows and broader conviction remain subdued.

Bitcoin must break above $74,500, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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