Alright, crypto fam, listen up! Glassnode just dropped some data that’s got me seriously buzzing. The 7-day moving average for Bitcoin spot trading volume delta has flipped positive, hitting a local peak of around $5 billion yesterday. That’s a HUGE signal!
Photo source:insights.glassnode.com
Now, I know what you’re thinking: ETFs are seeing some profit-taking, right? Yeah, sure, there’s some jostling happening. But dig a little deeper, and you see something way more interesting – consistent accumulation on the spot markets, combined with sizable capital flowing in. It’s a powerful combo.
What’s really juicy is the lack of frantic, FOMO-driven buying from retail investors. This isn’t the frothy, irrational exuberance we’ve seen before. This feels… different. This feels grounded. It implies we haven’t hit overbought territory yet, and there’s legitimately more room to run. Honestly, it’s actually kinda refreshing!
Let’s break down what’s happening here, for those still catching up:
Spot trading volume delta measures the difference between buying and selling pressure on exchanges. A positive delta indicates bullish momentum – more money flowing into Bitcoin.
ETF flows, while important, don’t tell the whole story. They reflect investment vehicle adjustments, not necessarily fundamental demand for Bitcoin itself.
Retail FOMO (Fear of Missing Out) is a classic sign of a market top. Its absence here suggests a more measured, sustainable rally.
Accumulation by larger players – ‘smart money’ – can act as a strong foundation for price appreciation, and we’re seeing that right now.
This isn’t a guaranteed moonshot, people, but it’s a damn good sign. We’re cautiously optimistic, and frankly, a little excited to see where this goes. Keep your eyes peeled and your positions sensible!
