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Glassnode: Bitcoin trading activity remains above August lows after pullback, market interest continues to recover

BlockBeats news, November 5th, Glassnode stated that despite BTC's pullback in the past few weeks, market trading volume remains higher than the low levels in August this year. Previously, before the price surge in August, BTC trading volume had dropped to its lowest level since 2023.


The current trading volume performance indicates that after months of market apathy, investors' interest in the crypto market continues.

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The current Bitcoin market structure closely resembles that of Q1 2022, with over 25% of on-chain supply in a state of unrealized losses. ETF fund flows and on-chain momentum are weakening, with price relying on a key cost basis area.
Glassnode has launched 28 new segmented indicators that help traders accurately identify market bottoms and optimize trading strategies in bull markets by deeply analyzing the behavior of short-term holders.
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