ChainCatcher report, according to Decrypt, on-chain analytics firm Glassnode noted that the Bitcoin market structure is showing early signs of stabilization as concerns over the Iran conflict ease. Bitcoin rose 4.3% on the day to approximately $69,100, with open interest in futures contracts increasing and positive buying pressure observed in the perpetual swaps market, indicating traders are cautiously returning to leveraged positions. Inflows into U.S. spot Bitcoin ETFs increased to approximately $934 million, up 20% from the previous week. Glassnode highlighted that momentum indicators, ETF demand, and profitability metrics are improving; however, the recovery remains “preliminary,” with price action still lacking the decisive bullish momentum to confirm a sustained trend reversal. Trading volume and network activity remain subdued, and weak capital flows suggest overall confidence has not yet fully recovered.
Bitcoin Shows Early Signs of Recovery as Iran Tensions Ease
ChaincatcherShare
Summary
Bitcoin showed early signs of recovery as tensions in Iran eased, with momentum indicators suggesting improving market sentiment. The price rose 4.3% to $69,100, supported by increasing futures open interest and strong buying in perpetual contracts. U.S. spot Bitcoin ETFs recorded $934 million in inflows, a 20% weekly increase. While Glassnode observed stronger momentum indicators and heightened ETF demand, it cautioned that the rebound remains fragile. Traders are carefully evaluating risk-to-reward ratios before deploying larger capital, as trading volume and network activity remain subdued.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.