Odaily Planet Daily News 📊 On-chain analysis company Glassnode recently released a report stating that the Bitcoin market is currently in a long-term consolidation phase, which is very similar to the situation from the end of 2019 to the beginning of 2020. Since hitting an all-time high in March, capital inflows to the Bitcoin network have slowed, posing certain challenges to the profitability of short-term holders.

However, despite local net capital outflows, new investors' confidence in the market remains strong. In recent weeks, the long-term tendency of the perpetual futures market has seen a "very mild" rise📈. This shows that despite market volatility, the long-term outlook for Bitcoin remains optimistic. 🚀