According to Glassnode’s Week 20 BTC Market Report, BTC rose from above $77,000 to below $82,000 last week, with spot demand and futures activity strengthening as buying absorbed the pullback. Spot CVD, trading volume, futures open interest, and perpetual contract CVD all increased, reflecting a rebound in risk appetite; however, price momentum slowed, long funding rates declined, and bullish sentiment slightly cooled. In the options market, demand for downside protection decreased while open interest rose, and volatility spreads widened, indicating continued high uncertainty. On-chain metrics—including daily active addresses, entity-adjusted transfer volume, and total fees—all increased, with profit indicators improving and market structure recovering.
BTC Rises to Just Below $82,000 as Market Risk Appetite Increases
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Summary
Last week, the BTC price rose to just below $82,000, fueled by improved risk appetite. Demand for both spot and futures markets increased, with buying pressure absorbing the pullback. Spot CVD, trading volume, futures open interest, and perpetual CVD all rose. Price momentum slowed, long funding rates declined, and bullish sentiment eased slightly. Demand for downside protection in the options market decreased, while open interest increased and volatility spreads widened. On-chain metrics showed growth in daily active addresses, entity-adjusted transfer volume, and total fees, with profit indicators improving and market structure recovering.
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