Bitcoin Remains in ‘Subdued and Low-Conviction Market’ Despite Bounce: Glassnode
Bitcoin stays inside a “subdued and low-conviction market surroundings, with weak spot exercise,” reported on-chain analytics supplier Glassnode on Wednesday. It added that spot buying and selling quantity “stays delicate,” noting that with Binance’s 30-day relative quantity nonetheless sitting under the 1.0 baseline. This highlights a “lack of sturdy natural demand beneath the current stabilization…
