glassnode: Current Bitcoin Fragility Increasing, Its Structure Still Susceptible to External Negative Factors
BlockBeats News, August 6th, glassnode released a market report pointing out that as the market retests the low liquidity range below the $114,000 threshold, Bitcoin's frenzy phase is pausing, and the market is undergoing a period of readjustment. Signals from various market sectors all indicate that market momentum is cooling off, with cautious holding and reduced risk appetite. The reasons for this are mainly as follows:
1. The spot market has significantly weakened, with the RSI dropping from 47.4 to 35.8, breaking below its low range, indicating the market is entering oversold territory.
2. Open interest in the futures market has decreased from $45.6 billion to $44.9 billion, suggesting a mild unwinding of positions.
3. ETF market net inflows decreased by 24.9% to $269.4 million, well below the low range, indicating weak institutional demand.
In conclusion, the market has shifted from prosperity to reassessment, with oversold conditions and seller exhaustion implying the possibility of a rebound. However, market fragility is increasing, and its structure remains vulnerable to external negative factors or delays in demand recovery.
You may also like
What you bought on CEX is really not US stocks: Analyzing the 94% liquidation monopoly and the evaporation of equity under a five-layer pipeline
In such a crowded cross-border payment arena, where is the next stop for the future?
Why Is Bitcoin Down in 2026? What We Can Learn From 2022
The large models in the United States are moving towards closure in the name of security
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
Why do cryptocurrency projects always like to change their names?
Who is footing the bill for the $64 billion accounting frenzy?
I never expected that the first application of AI x Crypto would be in security auditing
What is your view on Binance's competitive advantages?
ETH has entered a non-consensus phase, and the turning point is approaching!
The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.

