Glassnode: Market demand is gradually recovering, but the strength of the rebound has not yet reached the levels seen in recent rallies.
Jinse Finance reported that Glassnode posted on X, stating that the timing of bitcoin's rebound from the $107,000 price level coincided with the net inflow of funds into US spot ETFs (exchange-traded funds) turning positive. However, the current daily net inflow of such ETFs is still less than 1,000 bitcoins, far below the level of more than 2,500 bitcoins per day seen at the start of previous major rallies in this cycle. Market demand is gradually recovering, but the strength of the recovery has not yet reached the intensity seen in recent rounds of price surges.
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