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Mark @MarkRelateOSai on x XXX followers
Created: 2025-07-21 19:54:14 UTC
✍️ XGRD Insight | Glassnode On-Chain Recap 👀 Bitcoin’s current posture reflects a cooling of speculative leverage and a pause in perpetual futures aggression — funding rates are stable, and perp CVD shows muted net buying. 🧠 ETF MVRV remains inside range bands, hinting ETF-driven demand is present but not overheated, while on-chain transfer volumes have picked up modestly, signaling healthy but cautious activity. 👂 The market appears in a holding pattern, awaiting a liquidity catalyst or macro trigger. There’s no evidence of panic or euphoria — a classic “wait and see” phase.
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