According to BlockBeats, on August 6, glassnode released a market report indicating that the Bitcoin market is retesting the low liquidity range below the $114,000 threshold, with market momentum cooling and cautious positions.
The spot market is weakening, with the RSI dropping from 47.4 to 35.8, entering the oversold area. The number of open contracts in the futures market decreased from $45.6 billion to $44.9 billion, suggesting a mild market closure.
The net inflow of the ETF market decreased by 24.9% to $269.4 million, indicating weak institutional demand. Market vulnerability has intensified, and the structure is susceptible to external negative factors or delayed demand recovery.
