[glassnode: Bitcoin market structure remains intact after the crash, structural capital and institutional demand persist] BlockBeats News, October 14, glassnode released its weekly market report stating that despite the severe impact of the crash, the overall market structure remains intact. Bitcoin spot trading volume continues to stay elevated, ETF inflows persist, and entity-adjusted transfer volume indicates strong on-chain activity. These dynamics suggest that while leveraged participants have been forced out, structural capital and institutional demand still exist. The deleveraging marks a significant and necessary adjustment for the Bitcoin market. Excess leverage has been cleared, speculative positions have been reduced, and short-term market sentiment has been readjusted. While liquidity and broader market participation remain unchanged, momentum has slowed, and profit-taking has cooled off. The market has now entered a consolidation phase characterized by renewed caution, selective risk-taking, and a more prudent rebuilding of confidence in both the spot and derivatives markets.