Glassnode: Bitcoin temporarily stabilizes at $60,000, the market lacks confidence and shows a clear defensive posture.
2026.06.29 21:50:08
Glassnode’s weekly market summary notes that Bitcoin’s current overall trend is defensive: the spot market is in a consolidation phase. Trading activity has increased, but net selling persists, with liquidity mainly used for distribution rather than accumulation. Deleveraging in the derivatives market continues, as traders lean toward downside protection rather than directional bets. Funding rates remain relatively low, reflecting overall market caution. For institutional activity: U.S. spot ETFs are now in overall unrealized losses, with persistent net outflows, and institutional investors are reluctant to add positions. Despite still-high trading volumes, capital flows are dominated by exits. Overall, Bitcoin is currently stabilizing near $60,000, but spot order flow, derivatives positions, and institutional demand all remain defensive. A significant return of buyer confidence is required for a sustained recovery. The market is still in a phase of structural adjustment and capital contraction.
FTX's bankrupt wallet address transferred 201,740 SOL tokens, worth approximately $15.2 million.
11 minutes ago
Morph launches enterprise-grade stablecoin payment platform Morph Payments
11 minutes ago
Ethereum ICO participant wakes after 11 years, moves 2,680 $ETH ($5.04M) from $831 investment — 6,068x return
11 minutes ago
Four whale addresses have aggressively opened short positions on Bitcoin at the $64,000 level, with the total value of these positions reaching $340 million.
11 minutes ago
South Korea plans to inject up to 1 trillion won into its sovereign wealth fund for strategic industries including AI next year.
11 minutes ago
Abraxas Capital’s associated wallet cluster holds a total of 1,379,200 XAUT tokens, valued at approximately $600 million.
11 minutes ago
Hot feeds
A trader profits $448K by monitoring #Binance's new listings!
2024.12.13 17:37:29
Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.
2024.12.16 14:48:36
A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.
2024.12.14 10:35:27
When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.
2026.01.31 18:37:29
A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.
2025.01.05 16:05:18
A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!
2024.12.03 23:09:08
MoreHot Articles

How did I turn $1,000 into $30,000 with smart money?
2024.12.09

10 promising AI Agent cryptos
2024.12.05

The 30-Year-Old Entrepreneur Behind Virtual, a Multi-Million Dollar AI Agent Society
2025.01.22

10 smart traders specializing in MEMEcoin trading on Solana
2024.12.09

A trader lost $73.9K trading memecoins in just 3 minutes — a lesson for us all!
2024.12.13

What is $SPORE? Let us take you through the on-chain records to show you how it works.
2024.12.25

