BlockBeats News, January 23 — Glassnode published a weekly report stating that Bitcoin remains in a low participation state, with price movements driven more by a lack of pressure rather than active trading interest. On-chain data continues to reflect oversupply and fragile structural support, while spot capital flows have improved but have not yet translated into sustained accumulation.
Institutions and corporate demand remain cautious, with treasury company fund flows stabilizing, and trading activity concentrated in sporadic transactions. Derivatives participation remains subdued, futures trading volume has shrunk, and leverage use is moderate, further exacerbating the liquidity-constrained market environment, making prices increasingly sensitive to small position changes.
Overall, the market seems to be quietly building a bottom, but this consolidation is not due to excessive participation or enthusiasm, rather because investor confidence has paused. Everyone is waiting for the next clear catalyst to reignite broader market participation and momentum.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bernstein: Bitcoin Has Likely Bottomed, Maintains Year-End Bullish Target of $150,000
Bernstein points out that Bitcoin may have bottomed out and will continue to rise, with an expected reach of $150,000 by 2026. Despite a 50% stock price decline, Strategy company remains committed to its Bitcoin investment, holding 3.6% of the supply and adding positions at lower prices.
金色财经_14m ago
NYSE exchanges remove options limits on 11 Bitcoin, Ether ETFs
NYSE Arca and NYSE American have lifted the 25,000 contract limit on options tied to 11 crypto ETFs, enhancing trading flexibility and liquidity. The SEC approved these changes, allowing for customizable FLEX options.
Cointelegraph24m ago
Bitcoin Sub-$50K Spurs Five Key Takeaways Amid Gold Bear Market
Bitcoin began the week facing renewed macro headwinds as risk sentiment wavered and traders weighed the possibility of further downside in a pattern that resembles January’s bear flag. BTC traded around the mid-$60,000s after a weekend of outsized liquidations and a weekly close that fell short of r
CryptoBreaking50m ago
Bitcoin finds stability at 2023 investor cost basis, echoing past cycle
Bitcoin support has recently aligned with the 2023 average realized price of approximately $63,700. This level has held during price fluctuations and mirrors past cycles. Current data shows newer cohorts are facing underwater positions, while the aggregate realized price indicates potential support at $54,000 if prices decline further.
CoinDesk58m ago
