✉news BusinessCrypto first seen 8 h ago, last 6 h ago, peak #29
Glassnode Backs Bitcoin Rally, But Spot Buyers Stay Away
Original: Bitcoin's Rally Is Real, Glassnode Says: So Why Are Spot Buyers Uninterested?
Analytics firm Glassnode has concluded that Bitcoin's recent rally is genuine rather than manipulated, yet its latest research notes a lack of enthusiasm from spot buyers. The finding has divided crypto observers, who are debating whether on-chain strength can hold up without fresh demand from buyers purchasing Bitcoin directly on exchanges, and what that hesitation means for the sustainability of the price run.
Why now: Debate over whether Bitcoin's price gains can continue without strong spot market demand is driving discussion among crypto investors.
Rank over time, top of the chart is #1. 3 snapshots from 8 h ago to 6 h ago.
Evidence
- 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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