Glassnode: Bitcoin selling pressure has eased somewhat, but institutional demand is still in the exploratory stage.

PANews reported on March 6th that Glassnode published an analysis on the X platform stating that the outflow trend of funds from Bitcoin spot ETFs has stabilized. The 14-day net inflow trend has turned upward, indicating that selling pressure is easing as Bitcoin breaks through $70,000. Institutional demand is still in a tentative phase, but early signs of renewed accumulation are emerging.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
Bitcoin's RSI has fallen to its lowest level since the 2020 crash, and analysts say the probability of a rebound to $70,000 has increased.
PANews Newsflash