Tech · CoinDesk
Glassnode’s trading data suggests buyers are becoming more aggressive
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
★ Tier-1 Source
In simple terms, it helps show who is pushing the market.
Key facts
- The headline number beat consensus, yet BTC fell from about $82,000 to $79,743 before recovering over the weekend
- Perpetual CVD, the same measure applied to crypto futures, jumped from $110.0 million to $410.3 million, showing leveraged traders are also leaning more bullish
- Citing Morgan Stanley’s latest secondary watch data, the firm noted that prices rose 1.9% in the first quarter, with gains spreading across 25 of 35 tracked brands as value retention and inventory
- A headline beat should have cleared $80,700 cleanly, but spot pulled back first,” Enflux wrote
Summary
Bitcoin is trading above $80,000 with a stronger structural floor from ETF demand and low exchange reserves, but its rebound still looks more like a test of resistance than a decisive breakout. Trading data from Glassnode show buyers growing more aggressive in both spot and futures markets, yet rising leverage and increased short-side funding suggest many traders are still hedging rather than fully embracing the rally. The recovery in other high-end risk assets, such as luxury watches, contrasts with bitcoin’s inability to clear key resistance levels, leaving its next move heavily dependent on upcoming inflation data and broader macro sentiment. Bitcoin is trading above $80,000, market data, after recovering from Friday’s dip, but the rebound still looks more like a market testing resistance than a decisive move higher. The market structure tells a more complicated story than the price alone, according to market observers.