The Glassnode report points out that after falling below $60000, Bitcoin briefly dropped to around $58000 and is currently stabilizing around $60000. The spot market continues to experience net selling, the derivative market continues to deleverage, and ETFs continue to experience net outflows, with the overall market maintaining a defensive posture; The flow of funds on the chain has recovered, but network activity remains low, and more chips are turning to short-term holders. Glassnode believes that Bitcoin is still in a consolidation stage, and a sustained rebound still requires a significant increase in buying confidence. https://(wublock123.com)/news/glassnode-bitcoin-still-consolidating-rally-needs-buy-side-confidence-63670