Glassnode: Speculative enthusiasm in the Bitcoin futures market has weakened, and traders are gradually closing positions due to market uncertainty
ChainCatcher message, on-chain data analysis platform Glassnode analysis shows that the speculation enthusiasm in the Bitcoin futures market is weakening. The medium-term trend line (30-day moving average) has slightly declined after peaking, and the short-term trend line (7-day moving average) has fallen below the medium-term line, indicating that traders are gradually closing positions amid increasing market uncertainty.
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