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Crypto

Bitcoin's Recent Surge Attributed to Less Than 40% New Capital; Spot Trading Remains Thin: Glassnode

2026/10/09 01:52(Updated 2026/10/09 07:01)

CoinPost

Written by CoinPost Editorial Department

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Bitcoin's Recent Surge Attributed to Less Than 40% New Capital; Spot Trading Remains Thin: Glassnode

Rise Lacks New Capital

On November 7, on-chain analytics firm Glassnode released its weekly report, 'The Week On-chain.' The report analyzes Bitcoin's (BTC) recent surge past the $85,000 sell wall, noting that trading volumes were low and the influx of new capital was limited. Subsequently, the price fell below this level once again.

Spot exchanges and U.S. spot Bitcoin ETFs combined...

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