Glassnode: BTC and ETH have shown a decreasing trend of selling pressure recently, and the $65000 to $71000 range is the defensive line that bulls must defend

BlockBeats news, on April 9th, Glassnode stated in its latest report that the announcement of US tariffs has had a significant impact on major financial markets, with multiple markets setting their worst trading records since March 2020. The inflow of funds into mainstream digital assets has stagnated, leading to a significant contraction in liquidity and forming a strong headwind. However, it is worth noting that the selling scale of Bitcoin and Ethereum shows a decreasing trend every time the price drops, which may indicate that short-term selling pressure is approaching exhaustion. The current sharp decline in digital assets has shown a general downward trend, with the total market value of altcoins shrinking from $1 trillion in December 2024 to $583 billion currently. The resonance analysis between on chain data and technical models shows that $93000 is a key psychological barrier - Bitcoin must recover from this price level in order to rebuild its upward momentum. In the downward direction, the $65000 to $71000 range remains an important defense line that bulls must adhere to.