Glassnode: Bitcoin spot selling pressure is intensifying, and the distribution pressure is gradually accumulating

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BlockBeats message. May 28 — Glassnode disclosed the latest on-chain data, showing that the difference in Bitcoin spot trading volume (7-day moving average) has re-entered a sustained negative range. As Bitcoin’s price falls back to around $73,000, the market has seen a clear acceleration in selling pressure. Sellers have continued to dominate the spot market, and pressure from distributing holdings is gradually accumulating.

In the recent process of Bitcoin falling from above $80,000 to around $75,000, spot demand, ETF inflows, and expectations for volatility have all continued to weaken. Although market positions have been reset, investors’ confidence remains limited, and the overall picture shows a cautious, wait-and-see stance.

BTC-1.74%
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WaitingForConfirmationUnderThe
· 05-31 05:00
Spot selling pressure is so high, ETFs are no longer holding up.
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MempoolDaydream
· 05-30 10:58
80k dropped, this wave of chips loosened a bit too quickly
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PickingUpCatsInTheContract
· 05-30 00:53
The 7-day moving average turns negative, a familiar script.
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CraterLiquidity
· 05-28 14:48
Waiting and seeing is the right approach; rushing in now makes you easy to get buried.
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MACD_Bridgehead
· 05-28 14:38
From 80k to 73k, faith recharge failed
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RetroRadioWaves
· 05-28 14:24
Spot transaction difference turns negative, will history repeat?
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HodlWaveRider
· 05-28 14:24
Negative value interval = Bearish frenzy?
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ColdBrewYield
· 05-28 14:24
Volatility expectations weaken, and the market completely relaxes.
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