EddieJayonCrypto
16 May 25
Glassnode reports that Bitcoin is in a strong accumulation phase, with increasing investor demand on Coinbase and Binance. Coinbase shows intense net buying pressure, while Binance’s sell pressure has cooled. The cumulative volume delta (CVD) indicates consistent net buying on Coinbase and reduced s...
Glassnode data indicates a strong accumulation phase for Bitcoin, highlighted by growing demand on Coinbase and Binance. Off-chain spot flows demonstrate intense net buying on Coinbase and reduced sell pressure on Binance, signaling dominant buy-the-dip behavior. The cumulative volume delta (CVD) is strengthening on both exchanges, with Coinbase showing consistent net buying and Binance cooling off on selling pressure. A key support range between $93,000 and $95,000 has formed, likely acting as a strong demand zone during short-term pullbacks. The Short-Term Holder Supply in Profit/Loss Ratio above 9 suggests over 90% of short-term holders are in profit, supporting continued bullish momentum. Futures markets have yet to fully reflect recent buying trends, with cautious but optimistic options positioning and limited excessive leverage. Bitcoin is trading around $104,191, up 1% on the day.
Glassnode reports a growing investor demand for Bitcoin on Coinbase and Binance. Coinbase experiences intense net buying pressure while Binance's sell pressure has cooled. The CVD indicates consistent net buying on Coinbase and reduced selling on Binance, reinforcing positive momentum. The $93,000–$95,000 support zone serves as a strong demand level in case of market pullbacks. With more than 90% of short-term holders in profit, bullish momentum remains intact. While spot markets surge, futures markets trail behind, showing a cautious but optimistic stance without excessive leverage. Bitcoin trades at $104,191, reflecting a 1% gain for the day.