Bitcoin Price Rebound Fueled by Leveraged Funds as Spot Demand Remains Weak – Glassnode Analysis
2025-07-10 15:39:32
Main Idea
Bitcoin's recent price rebound is primarily driven by leveraged funds, while spot demand remains weak, indicating a lack of strong support from long-term investors.
Key Points
1. Bitcoin's price recovery is mainly fueled by leveraged funds.
2. Spot demand for Bitcoin remains weak.
3. The rally lacks robust support from long-term investors.
4. Speculative positions are amplifying market movements.
Description
Bitcoin’s recent price recovery is predominantly fueled by leveraged trading activities, according to data from Glassnode. The analysis highlights that while speculative positions are amplifying market movements, underlying spot market
$BTC
$115530.4
+3.98%
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