{"id":42071,"date":"2025-08-13T22:16:46","date_gmt":"2025-08-13T22:16:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=42071"},"modified":"2025-08-13T22:16:46","modified_gmt":"2025-08-13T22:16:46","slug":"bitcoin-bounces-back-this-week-but-glassnode-sees-trouble-ahead","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=42071","title":{"rendered":"Bitcoin Bounces Back This Week, But Glassnode Sees Trouble Ahead"},"content":{"rendered":"
\n

The blockchain analytics firm Glassnode shared its weekly report, which features various key metrics and on-chain data related to the leading cryptocurrency.<\/p>\n

Spot Metrics<\/h2>\n

The spot price rebounded<\/a> strongly over the past week, after re-testing the sub-$114,000 level and climbing back towards $121,000. This brought momentum back into the spot market, with several sectors showing signs of renewed user activity, although a close eye is to be kept on the conditions.<\/p>\n

The Relative Strength Index (RSI), which measures the speed and change of price movements by calculating the average gains & losses over (usually) 14 days, has increased to 47.5, marking a 14.5% gain. This signals a strengthening investor interest and a potential bullish shift; however, as the RSI is below the midpoint, it warrants caution as the momentum needs to hold to confirm the trend.<\/p>\n

\"\"<\/a>
Source: Glassnode<\/strong><\/figcaption><\/figure>\n

Meanwhile, Spot Volume decreased from $7.3 billion to $5.7 billion, representing a 22% reduction, which indicates reduced market engagement and fewer participants compared to previous weeks.<\/p>\n

Futures Metrics<\/h2>\n

Open Interest, the benchmark that measures the total number of active positions, has decreased to $44.1 billion from $44.6 billion, indicating a slight reduction in leveraged trading, likely due to profit-taking or liquidations.<\/p>\n

\"\"<\/a>
Source: Glassnode<\/strong><\/figcaption><\/figure>\n

The Funding Rate (fees paid by longs to shorts, allowing them to maintain their positions) specifically for long positions declined by 2% to $2.9 million. While this hints at a cooling bullish sentiment, the demand for these positions remains high.<\/p>\n

Options Metrics<\/h2>\n

Open interest in the options market has increased compared to futures, reaching $42.4 billion. This represents a 6.74% increase from last week and can be attributed to growing market engagement, driven by speculative positions and various trading strategies.<\/p>\n

\"\"<\/a>
Source: Coinglass<\/strong><\/figcaption><\/figure>\n

The Volatility Spread (measures whether options overprice risk; higher readings indicate greater fear) has dropped to 10.45% from 31.97% last week, signaling that traders are expecting less volatility.<\/p>\n

US Spot ETFs<\/h2>\n

It\u2019s looking good on the ETF markets, with the weekly net flows (the difference between money going in and out of the funds) rising over 54% from -$686 million to -$311 million, which is a significant reduction in outflows. This could lead to the start of a new wave of accumulation.<\/p>\n

\"\"<\/a>
Source: Glassnode<\/strong><\/figcaption><\/figure>\n

By contrast, the Trade Volume (overall trading activity over a specific period) has experienced a 27.7% drop to $13.7 billion, which could indicate a consolidation phase within the market or seller exhaustion.<\/p>\n

Fundamental Metrics<\/h2>\n

The daily active address count has risen to 793,000, indicating elevated user engagement on the network, likely driven by recent price movements. If this keeps up, a more active phase may be on the horizon.<\/p>\n

\"\"<\/a>
Source: Glassnode<\/strong><\/figcaption><\/figure>\n

On-chain transfer volume, a metric that tracks the total amount of transactions conducted directly on the blockchain, has dropped slightly from $8.6B to $8.5B, but remains steady. This follows a recent sharp decline, suggesting renewed interest.<\/p>\n

\"\"<\/a>
Source: Glassnode<\/strong><\/figcaption><\/figure>\n

The post Bitcoin Bounces Back This Week, But Glassnode Sees Trouble Ahead<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The blockchain analytics firm Glassnode shared its weekly report, which features various key metrics and on-chain data related to the leading cryptocurrency. Spot Metrics The spot price rebounded strongly over the past week, after re-testing the sub-$114,000 level and climbing back towards $121,000. This brought momentum back into the spot market, with several sectors showing […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-42071","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42071"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42071\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}