Glassnode: Long-Term Holders Re-accumulate BTC, Institutional Capital Outflows and Defensive Sentiment Coexist
Glassnode's latest weekly report points out that after Bitcoin fell below $60,000, market sentiment remains suppressed by continuous net outflows from US spot Bitcoin ETFs, defensive options hedging, and expectations of macro tightening. However, on-chain data shows that long-term holders have resumed accumulation, with multiple wallet size groups absorbing supply simultaneously, indicating that some high-conviction capital is gradually absorbing selling pressure.
