ChainCatcher reports that Glassnode’s latest weekly report indicates that Bitcoin slowly rose from $77,000 to $82,000 last week, with sustained buying pressure during pullbacks, even as price momentum began to cool near local highs. Spot CVD surged, reflecting strong bullish sentiment and firm conviction in further price gains. Meanwhile, spot trading volume also increased, suggesting that recent price movements have gained additional support from heightened investor participation. However, the moderation in price momentum indicates a more balanced supply-demand dynamic, hinting that the market may be entering a consolidation phase. The futures market shows a similar trend, with risk appetite on the rise. Open interest in futures contracts has increased, signaling heightened speculative activity and greater willingness among investors to take on risk; perpetual contract CVD has also surged, indicating sustained bullish momentum. However, the decline in long funding rates suggests a shift toward short positions, implying that bullish sentiment may be weakening. In the options market, demand for downside protection has decreased while open interest has risen, indicating a shift in market expectations toward neutral or slightly bullish outlooks. Nevertheless, volatility skew has spiked sharply, suggesting that the risk priced into options far exceeds actual market risk—reflecting a significant increase in participant uncertainty. Overall, Bitcoin’s market structure continues to improve, supported by stronger on-chain activity, healthier profitability, and more stable holder positioning. While bullish sentiment is strengthening, the slowing capital inflows and cautious market mood suggest the market remains sensitive to shifts in risk appetite.
Bitcoin rises to $82,000 as spot and futures buying gains momentum, market stabilizes
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Summary
Bitcoin rose to $82,000 as buying pressure remained strong in both spot and futures markets, with pullbacks met by sustained demand. Spot CVD surged, indicating bullish confidence. Higher spot volume reflects growing market participation. Futures activity increased, with perpetual futures CVD and open interest signaling heightened speculation. Long funding payments declined, suggesting a potential shift toward short positions. Options open interest rose, but reduced demand for downside protection points to a neutral sentiment. Volatility spreads expanded, signaling uncertainty. On-chain metrics reveal a healthier market structure, though risk appetite remains cautious.
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