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In brief
- Bitcoin has climbed more than 4% to roughly $69,100 as risk assets steadied after oil retreated from a spike tied to Middle East tensions.
- Futures open interest and aggressive buying in perpetual markets suggest traders are cautiously returning to leveraged positions.
- U.S. spot Bitcoin ETF inflows have risen to about $934 million, even as trading volumes and network activity remain subdued.
Bitcoin’s market structure is showing early signs of stabilizing after weeks of pressure, according to a new market note from on-chain analytics firm Glassnode, even as the escalating conflict involving Iran continued to roil global financial markets.
Bitcoin is up 4.3% on the day to around $69,100 and holding relatively steady after recent volatility tied to geopolitical tensions and surging oil prices sent digital assets lower last week.
In its weekly market pulse published Monday, Glassnode said the crypto’s internal metrics suggest the worst of the recent stress may be easing, though the recovery remains “tentative.”
“Overall, conditions are stabilizing, with momentum, ETF demand, and…
