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TechFlow reports on January 9 that Glassnode, a blockchain data analytics platform, analyzed and found weakening speculative sentiment in the Bitcoin futures market. The medium-term trend line (30-day moving average) has slightly declined after peaking, while the short-term trend line (7-day moving average) has already fallen below the medium-term line, indicating that traders are gradually closing positions amid increasing market uncertainty.
On-chain data analysis platform Glassnode analysis shows that speculative enthusiasm in the Bitcoin futures market is weakening. The medium-term trend line (30-day moving average) has slightly declined after peaking, while the short-term trend line (7-day moving average) has already fallen below the medium-term line, indicating that traders are gradually closing positions amid rising market uncertainty.
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