🤖AI Summary
Bitcoin remains trapped between $60k-$69k valuation levels as key market metrics show deterioration. Profitability and market breadth are declining while spot ETF flows remain negative, indicating market stabilization rather than recovery.
Key Takeaways
- →BTC is consolidating between $60k-$69k which represents the main demand zone.
- →Market profitability and breadth metrics are showing signs of weakness.
- →Spot Bitcoin ETF flows continue to remain in negative territory.
- →Leverage in the market has reset to lower levels.
- →The market appears to be stabilizing rather than entering a recovery phase.
Read Original →via Glassnode Insights
Act on this with AI
This article mentions $BTC.
Let your AI agent check your portfolio, get quotes, and propose trades — you review and approve from your device.
Related Articles