logo

glassnode: The current Bitcoin market structure remains fragile, with selling pressure broadly dominating.

By: theblockbeats.news|2025/09/02 17:42:15
0
Share
copy

BlockBeats News, September 2nd, glassnode published a market analysis stating that as the Bitcoin price further retraced from its all-time high to $107,000, the market is currently above the cost basis of short-term holders. In the spot market, the Relative Strength Index (RSI) has fallen into oversold territory, leading to further weakened momentum, coupled with decreasing trading volume, reflecting waning market confidence. Spot Cumulative Volume Delta (CVD) shows a slight relief in selling pressure, implying temporary market stabilization, but overall signals suggest weak demand.

The futures market exhibits cautious positioning. Open interest has decreased, funding rates have declined, and perpetual contract CVD has slightly improved, indicating a decrease in leverage and weakening bullish sentiment. Traders seem reluctant to increase risk exposure, highlighting defensive strategies adopted following recent volatility.

In the options market, due to a decrease in open interest, participation has declined, and implied volatility spreads have narrowed, indicating a sense of complacency in the market. However, the 25 Delta skew has soared to above historical highs, underscoring strong demand for downside protection and reinforcing options traders' defensive stance.

Overall, the market structure remains fragile, with bearish pressure dominating in spot, futures, and on-chain indicators. ETF inflows have provided temporary cushioning, but shrinking trading volume and diminished profitability highlight insufficient market confidence. Although a short-term rebound may occur, the overall market sentiment remains defensive, and unless demand experiences robust growth again, the market may continue to consolidate further.

You may also like

WBT Pulled a Quiet 15X While Everyone Was Watching Meme Coins

WBT, the native token of WhiteBIT exchange, surged from under $6 in 2023 to over $50 by 2026,…

Bank of Japan to Test Blockchain-Based Reserve Settlement Platform

Key Takeaways The Bank of Japan (BOJ) is leading the way as the first G7 member to explore…

Ethereum Price Prediction: Whales Impact 7th Red Month as RWA Sector Achieves $15B Record

Key Takeaways: Ethereum is on the brink of recording its seventh consecutive red month, indicating a potential prolonged…

VanEck’s Macro Bottom Thesis: Is the $60K–$70K Floor the Real Cycle Reset?

Key Takeaways VanEck CEO Jan van Eck asserts that Bitcoin is forming a macro market bottom around the…

WBT Did a Quiet 15X While Everyone Focused on Meme Coins

Key Takeaways WBT, WhiteBIT’s native cryptocurrency, has surged over 3,000% from its lowest point in late 2022 to…

Arthur Hayes Forecasts Bitcoin Price Surge to $750,000 by 2027 Due to Monetary Expansion

Key Takeaways Arthur Hayes, co-founder of BitMEX, forecasts Bitcoin’s price to reach $250,000 in 2026 and then surge…

Popular coins

Latest Crypto News

06:43

The probability of the Federal Reserve keeping interest rates unchanged in March is 97.4%

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged until March is 97.4%, and the probability of a 25 basis point rate cut is 2.6%. By April, the cumulative probability of a 25 basis point rate cut is 14.4%, the probabilit...
06:43

Data: 10 million MOVE transferred from Movement Network, valued at approximately 2.21 million USD

According to Arkham data, at 06:19, 10 million MOVE (worth approximately 2.21 million USD) was transferred from Movement Network to Null Address.
05:43

The US dollar index rose by 0.67%, closing at 99.046

According to Jinshi News, the US dollar index, which measures the dollar against six major currencies, rose by 0.67% on March 4, closing at 99.046 in the foreign exchange market. 1 euro exchanged for 1.1603 US dollars, down from 1.1707 US dollars the previous trading day; 1 pound exchanged for 1.333...
05:43

U.S. stocks closed, with the Nasdaq down 1%, and chip stocks generally declined

According to Jinshi reports, U.S. stocks closed lower on Tuesday, with the Dow Jones Industrial Average down 0.8%, the S&P 500 index down 0.9%, and the Nasdaq down 1%. Harmony Gold (HMY.N) fell 8.5%, AMD (AMD.O), ASML (ASML.O), and TSMC all dropped about 4%, Micron Technology (MU.O) fell 8%, and Int...
05:43

The Dow Jones Index closed down 403.51 points, with the S&P 500 and Nasdaq also declining

According to Jinshi reports, the Dow Jones Industrial Average closed down 403.51 points on March 3 (Tuesday), a decrease of 0.83%, at 48,501.27 points; the S&P 500 closed down 64.99 points, a decrease of 0.94%, at 6,816.63 points; the Nasdaq Composite closed down 232.17 points, a decrease of 1.02%, ...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com