According to Glassnode, off-chain signals improved this week. Glassnode reports that spot and futures indicators turned higher as volumes rebounded from cycle lows and sell pressure faded. Glassnode adds that ETF activity strengthened, signaling a renewed institutional bid, while options continued to de-risk.

According to @glassnode, off-chain signals weakened this week as spot and futures indicators declined alongside rising sell pressure. According to @glassnode, ETF activity softened amid reduced trading volume. According to @glassnode, options stood out as relatively firmer with rising demand for hedging despite broader risk-off conditions.