Viewpoint: Bitcoin Spot Trading Environment Improves and Selling Pressure Is Easing

According to Glassnode monitoring, signs of improvement have emerged in the Bitcoin spot market environment, with spot trading volume recovering and selling pressure easing. Although the Bitcoin price once fell below $93,000 and demand remains fragile, the net buy-sell imbalance indicator has broken above the upper bound of the statistical range, signaling a significant reduction in selling pressure.

Gracie Lin, CEO of OKX Singapore, stated that the market has largely digested most of the profit-taking expected by the end of 2025, long-term holders are less willing to sell during rallies, and institutions continue to buy through ETFs during pullbacks. As trade conflicts escalate and gold prices hit record highs, Bitcoin is increasingly being viewed as a portfolio hedge rather than merely a short-term trading asset.

Swissblock analysts pointed out that the slowdown in Bitcoin network growth and the recent liquidity squeeze are similar to the situation in 2022. Historical experience suggests that subsequent indicator recoveries have previously driven major bull markets. Bitcoin is currently still in a consolidation phase, but internal conditions are improving. (Cointelegraph)