CoinVoice has recently learned that on-chain analysis company Glassnode pointed out in an article that the Bitcoin market is still in a long-term consolidation phase, which is very similar to the period from the end of 2019 to the beginning of 2020.
Since the all-time high in March, capital inflows to the Bitcoin network have slowed, posing a challenge to profitability for short-term holders. However, despite experiencing local net capital outflows, new investor sentiment in the market remains quite strong, and a very modest uptick in long appetite has also been seen in the perpetual futures market in recent weeks. [Original link]
