Bitcoin's trading volume has shown signs of improvement, with a modest increase noted by analysts from Glassnode. The latest report indicates that the net buy-sell imbalance has surpassed its upper statistical band, suggesting a reduction in sell-side pressure. However, Glassnode cautioned that overall demand remains fragile.
As of the latest data, Bitcoin is trading at approximately $92,550, down nearly 3% from a weekend peak of $95,450. Despite this decline, the cryptocurrency is still up 6% since the start of the year. Analysts suggest that defensive positioning persists in the market, but there are positive signs of institutional interest and strengthening buy-side dynamics.
Gracie Lin, CEO of OKX Singapore, emphasized that the market appears to have absorbed much of the profit-taking from late 2025. She remarked on the growing trend of treating Bitcoin as a portfolio hedge rather than a short-term trade amidst ongoing volatility and external economic pressures.
Furthermore, analysts from Swissblock pointed out that the current decline in Bitcoin's network growth and liquidity mirrors conditions from 2022, which previously led to a significant bull run. They noted that history suggests a recovery in these metrics could trigger further price increases.