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glassnode: Bitcoin Shows Recovery Momentum, But Market Sentiment and Positioning Remain Cautious

2025.12.09 11:19:39

**Glassnode Weekly Commentary (Dec 9): Bitcoin Shows Early Recovery Signs, But Cautious Sentiment Lingers** On December 9, Glassnode released its weekly market commentary, noting that while Bitcoin has rebounded to ~$94,000, the market is not fully bullish yet. Momentum has improved and trading volume is up, but spot CVD (Cumulative Volume Delta—tracks the net volume gap between buyers and sellers) and open interest have fallen, signaling mounting potential selling pressure. Additionally, options activity indicates demand for downside risk hedging, while ETF outflows point to soft market demand. Overall, Bitcoin has early signs of recovery momentum, but sentiment and positioning remain cautious—suggesting the market is still rebuilding confidence following recent volatility.
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