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🔥glassnode: Bitcoin spot and futures markets are simultaneously strengthening, with bullish market sentiment robust
On April 14, glassnode released its weekly market outlook, noting that Bitcoin's price momentum increased by 51.7%, breaking through previous highs, reflecting a significant increase in spot buying pressure and stronger market buying support. On the other hand, Bitcoin futures open interest continues to rise, and options delta skew shows a moderation of bearish bias. Coupled with cooling on-chain activity, this suggests the current phase is consolidating but with improving sentiment. glassnode stated that from a profitability perspective, market pressure has eased. Overall, various indicators collectively indicate that the market exhibits strong bullish sentiment, increased investor participation, and enhanced risk appetite, despite signs of cautiousness and market stabilization.
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