Bitcoin Enters Consolidation as Glassnode Sees Lower Selling Pressure
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Glassnode says Bitcoin has entered a consolidation phase as selling pressure cools, ETF outflows dry up, futures traders add long positions and realized profits are climbing, signaling a more stable market structure for crypto and Bitcoin adoption. However, hot short-term capital is creeping back and increasing volatility risk for traders and options markets, which is relevant for CEXs, DEXs and institutional investors.
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- Bitcoin enters consolidation as selling pressure fades while futures traders steadily increase long positions.
- Glassnode says slower ETF outflows and improving profits point to a more stable Bitcoin market structure.
- Short-term capital returns to Bitcoin, increasing volatility risks despite improving market confidence.
Bitcoin has entered a consolidation phase as selling pressure eases, futures traders add more long positions, and demand for downside protection weakens, analytics firm Glassnode said.
In a post on X, the firm wrote, “Bitcoin’s easing into consolidation. Selling has cooled, futures longs are piling back in, and options traders aren’t as spooked about downside anymore. ETF outflows are drying up too. Hot capital is creeping back though, which could stir up volatility even as profits climb.”
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