coin-img-XAUTXAUT-0.04%coin-img-HYPEHYPE-8.43%coin-img-PAXGPAXG+0.08%coin-img-WLFIWLFI-4.29%coin-img-ASTERASTER-2.08%coin-img-ONDOONDO-3.76%coin-img-ZAMAZAMA+1.28%coin-img-ETHETH-3.96%coin-img-XAUTXAUT-0.04%coin-img-HYPEHYPE-8.43%coin-img-PAXGPAXG+0.08%coin-img-WLFIWLFI-4.29%coin-img-ASTERASTER-2.08%coin-img-ONDOONDO-3.76%coin-img-ZAMAZAMA+1.28%coin-img-ETHETH-3.96%coin-img-XAUTXAUT-0.04%coin-img-HYPEHYPE-8.43%coin-img-PAXGPAXG+0.08%coin-img-WLFIWLFI-4.29%coin-img-ASTERASTER-2.08%coin-img-ONDOONDO-3.76%coin-img-ZAMAZAMA+1.28%coin-img-ETHETH-3.96%coin-img-XAUTXAUT-0.04%coin-img-HYPEHYPE-8.43%coin-img-PAXGPAXG+0.08%coin-img-WLFIWLFI-4.29%coin-img-ASTERASTER-2.08%coin-img-ONDOONDO-3.76%coin-img-ZAMAZAMA+1.28%coin-img-ETHETH-3.96%

Bitcoin Rebounds from $60,000 but Weak Spot Demand and Cautious Derivatives Positioning Weigh on Sustained Recovery

Bitcoin has recovered from $60,000 to $69,000 with selling pressure temporarily easing, but spot trading volumes remain subdued and buyers cautious, glassnode said in a Feb. 10 weekly market report. Frequent rotations in holdings after the recent drawdown point more to short-term repositioning than decisive accumulation, while off-exchange indicators show defensive futures and options positioning. ETF trading volume surged to a $45.5 billion peak alongside slowing fund outflows, yet overall risk appetite stays muted. On-chain fundamentals are improving in terms of activity, but capital inflows remain negative and unrealized losses dominate the supply structure, with glassnode concluding that a durable market recovery may hinge on renewed spot demand to keep prices above recent lows.
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