Bitcoin Consolidates as Glassnode Flags Weak Inflows, Firm ETF Demand

Source: Cryptonews Original Title: Bitcoin consolidates as Glassnode flags weak inflows, firm ETF demand Original Link: Bitcoin (BTC) has transitioned from a corrective phase into a consolidation range, according to data released by blockchain analytics firm Glassnode. The cryptocurrency’s short-term momentum has stabilized, though underlying demand signals remain mixed.

Bitcoin ETFs Consolidate

Off-chain indicators point to gradual improvement in speculative activity. Spot and futures metrics are both classified as moderately rising, indicating renewed participation from traders following a recent pullback. ETF indicators were characterized as strong, reflecting continued institutional engagement through regulated investment products.

Options indicators were flagged as low and declining, suggesting traders are not aggressively positioning for large directional moves. The lack of options activity supports the assessment that Bitcoin is consolidating rather than trending.

BTC is stabilising within the $80K–$95K range as momentum recovers and sell pressure fades. Spot liquidity is thin, open interest is rebuilding cautiously, and options markets point to near-term volatility.

On-chain fundamental indicators are rising at a moderate pace, signaling improving network activity and usage. Profit and loss metrics remain low but rising, suggesting selling pressure from profitable holders is currently limited.

Capital flow indicators are declining, representing a key sign that fresh demand entering the market remains subdued. This divergence explains why Bitcoin’s price has stabilized rather than resumed a strong upward trend despite healthier on-chain fundamentals.

The data indicates momentum is recovering after the correction, though the absence of strong capital inflows and muted options activity suggest hesitation among investors. Bitcoin’s current behavior aligns with a consolidation phase, where buyers and sellers are reassessing positions within the recent trading range.

The data suggests the market is absorbing supply rather than experiencing capitulation. A decisive move higher would likely require increased capital inflows and derivatives conviction, while a breakdown would need renewed structural selling pressure, neither of which is evident in current indicators.