Bitcoin Sees Simultaneous Improvement in On-Chain Activity and Profitability, Glassnode Reports

Caution Despite Slowing Capital Inflows

On-chain analytics firm Glassnode released its weekly market report on Bitcoin (BTC) on the 11th. The report highlights simultaneous improvements in several metrics including on-chain activity, profitability, and investor holdings, suggesting a continuous strengthening of the market structure.

In the spot market, a sharp increase in Cumulative Volume Delta (CVD) and trading volume indicates a bullish sentiment and expanded investor participation. BTC has continued to...