机灵的杰尼君🔶BNB|3月 12, 2026 07:11
The latest weekly report from Glassnode, titled 'Resilience under the Shadow of War', is chosen with great spirituality.
Currently, BTC has been sideways in the range of $62800 to $72600 for over a month, with multiple attempts to hit $70000 but unable to stabilize. Its current price is $69500.
And there are two signals appearing simultaneously on the chain:
Firstly, observe multiple signals:
The 7-day moving average of US spot BTC ETF funds has returned to positive, which is the strongest institutional buying signal since this round of adjustment.
The perpetual contract funding rate has turned negative, and short positions have significantly accumulated - historically, this combination has often been a precursor to short squeeze.
Secondly, bearish signals:
The 7-day moving average of STH-SOPR (Short Term Holder Profit Loss Ratio) remains at 0.985 and has been consistently below 1 since October 2025.
The meaning is that new entrants are experiencing overall losses, and once the situation is resolved, there will be significant selling pressure.
Is it time for long and short to cross paths again?
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