✉news BusinessCrypto first seen 10 h ago, last 1 h ago, peak #29
Glassnode Says Bitcoin's Rally Is Real Despite Weak Spot Demand
Original: Bitcoin's Rally Is Real, Glassnode Says: So Why Are Spot Buyers Uninterested?
Blockchain analytics firm Glassnode says Bitcoin's latest price rally is genuine, but is flagging a puzzle: spot buyers appear largely absent from the move. The finding, picked up by multiple market outlets, suggests the rally may be driven more by derivatives and momentum than by new capital entering the market, leaving analysts divided over how sustainable the gains are.
Why now: Traders are debating whether a rally without spot-market participation can last.
Rank over time, top of the chart is #1. 4 snapshots from 10 h ago to 1 h ago.
Evidence
- Bitcoin's Rally Is Real, Glassnode Says: So Why Are Spot Buyers Uninterested? · Cryptonews.net
- Bitcoin's Rally Is Real, Glassnode Says: So Why Are Spot Buyers Uninterested? · TradingView
- Bitcoin's Rally Is Real, Glassnode Says: So Why Are Spot Buyers Uninterested? · Benzinga
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