#UpdateAlert

🚨 Bitcoin Market Update from Glassnode 🚨

Bitcoin ($BTC ) has entered a “cooling phase” after failing to hold above $111,000, says Glassnode. 📉

Key signals:

🔍 Spot CVD turned bearish, indicating selling pressure in the spot market. 📊 Softening retail participation and reduced aggressive buying. 📉 Momentum neutral, with spot market volume dipping below statistical lows. ⚡ Sharp reversal in perpetual CVD suggests short-term traders are cutting risk.

Despite strong Bitcoin ETF inflows showing institutional demand, on-chain activity remains subdued:

• Falling fees

• No growth in active addresses

• Moderate transfer volume

⚠️ Risk Alert: ~97% of $BTC supply is in profit, which could trigger a sell-off if demand stays low.

📈 Current $BTC Price: $104,457, down ~7% from its ATH of $111,800.

Will retail and institutional demand reignite, or is more cooling ahead? 🤔