Bitcoin Long-Term Holders Resume Accumulation as BTC Drops Below $60K, ETF Outflows Persist

BTC1.14%
According to Glassnode's latest weekly report, long-term Bitcoin holders resumed accumulating BTC after the asset fell below $60,000, with multiple wallet cohorts absorbing selling pressure simultaneously. The market remains pressured by sustained net outflows from U.S. spot Bitcoin ETFs, defensive options hedging, and macroeconomic contraction expectations, signaling cautious sentiment among institutional investors.
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