Deep Tide TechFlow News, on May 12th, Glassnode released the 20th weekly BTC market report stating that, last week, BTC rose from above $77k to below $82k, with spot demand and futures activity strengthening, and buying pressure continuously absorbing the pullback. The report shows that spot CVD, spot trading volume, open interest in futures contracts, and perpetual contract CVD all increased, reflecting a warming of market risk appetite; but price momentum slowed down, long funding rates decreased, indicating a marginal cooling of bullish sentiment. In the options market, demand for downside protection decreased, open interest increased, but volatility spread widened, indicating the market still has high uncertainty. On-chain, daily active addresses, adjusted transfer volume, and total transaction fees rose, profit indicators improved, and the overall market structure continued to recover.

BTC-1.8%
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