Opinion: The spot trading environment for Bitcoin is improving and selling pressure is easing.

According to Glassnode monitoring, the Bitcoin spot market environment is showing signs of improvement, with spot trading volume rebounding and selling pressure easing. Although Bitcoin prices briefly fell below $93,000 and demand remains fragile, the net buy-sell imbalance indicator has broken through the upper limit of its statistical range, signaling a significant reduction in selling pressure. Gracie Lin, CEO of OKX Singapore, stated that the market has already priced in most of the profit-taking expected at the end of 2025, with long-term holders showing less willingness to sell during rallies, and institutions continuing to buy through ETFs during pullbacks. With escalating trade conflicts and record gold prices, Bitcoin is increasingly being viewed as a safe-haven asset for portfolios, rather than just a short-term trading asset. Swissblock analysts point out that the slowdown in Bitcoin network growth and the recent liquidity crunch are similar to the situation in 2022, and historical experience shows that subsequent indicator rebounds have fueled major bull markets. Currently, Bitcoin is still in a consolidation phase, but internal conditions are improving. (Cointelegraph)