On Monday, analysts at Glassnode reported early signs of improvement in spot Bitcoin markets, citing modest volume gains and a net buy–sell imbalance breaking above its upper statistical band, which signals reduced sell-side pressure. Markets are reacting to broader trade tensions and shifting institutional flows.
Bitcoin slid nearly 3% from a weekend high of about $95.5K to roughly $92.6K as traders digested the latest US–EU tariff news, while the asset remains up about 6% year-to-date. Overall trading demand still looks fragile and uneven, though conditions are improving internally.
“While defensive positioning persists, strengthening buy-side dynamics and renewed institutional interest suggest a gradual rebuild toward a more constructive market structure.”
Gracie Lin, CEO at OKX Singapore, said long-term holders no longer sell into every rally and that institutional ETF flows buy pullbacks. “Long-term holders appear less inclined to sell into every rally, while ETF flows continue to show institutions buying pullbacks,” she said, adding “With fresh tariff headlines, softer growth signals across parts of APAC, and record gold prices in the background, that strengthens the case for Bitcoin being treated less as a short-term trade and more as a portfolio hedge — even as volatility remains a feature of the asset.”
Analysts at Swissblock noted that recent falls in network growth and liquidity mirror 2022 conditions and linked those patterns to later bullish momentum, as their post showed. “History shows that the subsequent surge in both metrics fueled the major bull run,” they said.
