Glassnode’s recent analytics highlight an upward trend in Bitcoin’s trading volumes, indicating a reduction in sell pressure, despite ongoing instability in demand. Currently, Bitcoin is trading around $92,550, having decreased from its weekend peak of $95,450. Analysts are cautiously optimistic, suggesting that market conditions are gradually stabilizing, though the demand landscape remains sporadic.

“While defensive positioning persists, strengthening buy-side dynamics and renewed institutional interest suggest a gradual rebuild toward a more constructive market structure.”

Gracie Lin of OKX Singapore remarked that the market seems to have absorbed much profit-taking from late 2025, with long-term holders showing reluctance to sell during rallies. Furthermore, recent tariffs and softer growth indicators throughout the Asia-Pacific region are reinforcing Bitcoin’s role as a potential portfolio hedge rather than a short-term trade despite its inherent volatility.

Swissblock analysts noted that a decline in Bitcoin network growth along with liquidity constraints mirrors conditions from 2022, which previously led to significant market consolidations and eventual bullish trends.