Glassnode: As concerns over the Iran conflict ease, Bitcoin shows "initial signs of improvement."
According to Decrypt, on-chain analytics firm Glassnode stated that as concerns over the Iran conflict ease, the Bitcoin market structure shows initial signs of stability. Bitcoin rose 4.3% to about $69,100 on the day, with an increase in open interest in futures contracts and positive buying in the perpetual contract market, indicating that traders are cautiously returning to leveraged positions.
In the U.S., inflows into Bitcoin spot ETFs increased to about $934 million, a 20% rise from the previous week. Glassnode noted that momentum indicators, ETF demand, and profitability metrics are improving, but the recovery remains "initial," with price movements lacking the strength for a decisive bullish turn. Trading volume and network activity remain sluggish, and capital flows are weak, indicating that overall confidence has not fully recovered.
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