- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Bitcoin (BTC) Market Faces Cooling Momentum Amidst Rising Unrealized Gains
By: bitcoin ethereum news|2025/05/06 18:15:01
0
Share
Jessie A Ellis May 05, 2025 21:35 Bitcoin’s market shows cooling momentum as speculative interest fades, with rising unrealized gains increasing sensitivity to potential risks, according to Glassnode’s latest report. The latest insights from Glassnode indicate a cooling trend in Bitcoin’s (BTC) market dynamics as speculative momentum fades, despite a generally constructive macro sentiment. This shift is accompanied by a rise in unrealized gains, which suggests an increased sensitivity to potential downside risks. Market Trends and Indicators Following a recent rally that pushed Bitcoin prices towards $97,000, the market is now showing signs of slowing down. Spot market momentum has notably softened, evidenced by a sharp turn in Spot CVD and a drop in daily trading volume to approximately $6 billion. This suggests a waning conviction among buyers. In the derivatives markets, perpetual futures have seen a significant unwinding. Both CVD and funding rates have retreated from their previous extremes, indicating a reduction in aggressive short positions, but there has been little corresponding increase in long positions. Exchange-traded fund (ETF) flows remain positive but have decreased from their peak levels. Options markets are also signaling reduced speculative interest, with declining open interest and pronounced negative volatility spreads. Profitability and On-Chain Signals On-chain metrics further highlight the market’s current state, with the Percent Supply in Profit reaching 88%. Moreover, the NUPL metric remains stable at 0.53, and the Realized Profit/Loss Ratio has surged to 2.38. These indicators reflect a market with a significant portion of participants in profit, which could lead to profit-taking behaviors. Overall, these conditions suggest that while the broader macroeconomic outlook remains positive, the market is experiencing a cooling of speculative momentum. This, combined with the increase in unrealized gains, indicates heightened vulnerability to any negative catalysts. Off-Chain and On-Chain Insights Additional off-chain indicators, such as ETF flows and options market behavior, align with the on-chain data to paint a comprehensive picture of the current market landscape. These insights are crucial for understanding the potential risks and opportunities in the Bitcoin market. The report underscores that while current market conditions are constructive, the observed trends highlight the potential for near-term profit-taking. Investors and traders are advised to remain vigilant in the face of these evolving dynamics. For more detailed insights, refer to the full report on Glassnode. Image source: Shutterstock Source: https://blockchain.news/news/bitcoin-btc-market-cooling-momentum-unrealized-gains
You may also like
Key Market Information Discrepancy on March 2nd - A Must-See! | Alpha Morning Report
1. Top News: Last Night's US-Iran Situation Recap, Iranian High-ranking Officials Killed, Over 200 Ships Stranded in the Strait of Hormuz
2. Token Unlock: $ENA
Iran Missile Strike in Dubai: Three Chinese Nationals Tell Their Story 48 Hours Later
The sound is still in the distance, so the days can still go on.
72 Minutes Before Attack, Six Mysterious Accounts Raked in $1.2 Million
These accounts were all registered in February, with most of them making their first deposit within 24 hours before the attack, and they have no other transaction history. Their behavior closely resembles insider trading.
How to Preserve Life and Wealth in Turbulent Times | Bill It Up Memo
In times of chaos, only through diversified allocation and keen observation can one preserve wealth and life in the face of great changes.
I have given up using OpenClaw
Instead of struggling with expensive and unstable AI assistants, it's better to use Claude to create a more stable, cost-effective, and understanding personal system.
WLFI is involved in insider dealings again? The banking license controversy under a $500 million investment
The UAE's investment in World Liberty Financial has intensified concerns about whether it receives special treatment and whether it involves national security issues.
Morning News | Iranian Supreme Leader Khamenei Assassinated; Kalshi to Refund Fees for "Will Khamenei Step Down" Related Market; Bitcoin Spot ETF Sees Net Inflow of $787 Million This Week
Overview of Important Market Events on March 1
The harvesting tactics of the quantitative giant Jane Street
Quantitative giant Jane Street has been accused of manipulating the liquidity and derivatives of markets such as the Indian stock market and Bitcoin, earning billions of dollars in the process.
Cryptocurrency ETF Weekly | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $787 million; the net inflow for Ethereum spot ETFs in the U.S. was $80.2 million
Top universities like Harvard have started to allocate to Bitcoin ETFs in their endowment funds.
WLFI at it Again? Banking License Controversy Amid $500M Investment
The UAE's investment in World Liberty Financial has heightened concerns over whether it received special treatment and whether national security issues are involved
The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?
Wall Street asset management giant Apollo Global Management invested $160 million in Morpho.
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Key Market Information Discrepancy on March 2nd - A Must-See! | Alpha Morning Report
1. Top News: Last Night's US-Iran Situation Recap, Iranian High-ranking Officials Killed, Over 200 Ships Stranded in the Strait of Hormuz
2. Token Unlock: $ENA
Iran Missile Strike in Dubai: Three Chinese Nationals Tell Their Story 48 Hours Later
The sound is still in the distance, so the days can still go on.
72 Minutes Before Attack, Six Mysterious Accounts Raked in $1.2 Million
These accounts were all registered in February, with most of them making their first deposit within 24 hours before the attack, and they have no other transaction history. Their behavior closely resembles insider trading.
How to Preserve Life and Wealth in Turbulent Times | Bill It Up Memo
In times of chaos, only through diversified allocation and keen observation can one preserve wealth and life in the face of great changes.
I have given up using OpenClaw
Instead of struggling with expensive and unstable AI assistants, it's better to use Claude to create a more stable, cost-effective, and understanding personal system.
WLFI is involved in insider dealings again? The banking license controversy under a $500 million investment
The UAE's investment in World Liberty Financial has intensified concerns about whether it receives special treatment and whether it involves national security issues.
App