Bitcoin rises 4.3% to around $69100, market shows initial signs of improvement

Chain analysis company Glassnode stated that as concerns about the Iran conflict weaken, the Bitcoin market structure shows initial signs of stability. On that day, the price of Bitcoin rose by 4.3% to approximately $69100, with an increase in open futures contracts and active buying in the perpetual contract market. Traders began to cautiously return to leveraged positions. Meanwhile, the inflow of US spot Bitcoin ETFs increased to approximately $934 million, a 20% increase from the previous week. Glassnode pointed out that momentum indicators, ETF demand, and profitability indicators have improved, but the recovery is still in its early stages, and the price trend has not yet shown a clear bullish trend. In addition, trading volume and online activity remain sluggish, capital flows are weak, and overall market confidence has not yet fully recovered.