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Title: Glassnode Insights - On-Chain Market Intelligence

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Executive SummaryDollar weakness has failed to lift Bitcoin as US 10-year yields climb toward 4.7%, keeping financial conditions restrictive and leaving elevated real yields as the dominant macro constraint on price.Gold near $4.4k and oil in the mid-$80s underline that Bitcoin has not participated in the broader bid for scarce assets, continuing to trade as a liquidity-s...

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Overview

Bitcoin is trading near $63.6k, rebounding modestly after slipping from the $65k area over the past week, but price remains firmly range-bound. Spot volumes and transaction throughput have continued to contract, pointing to subdued liquidity and limited conviction across the market.

Derivatives markets reflect a similarly cautious backdrop. Leve...


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Executive SummaryJuly core inflation printed 2.5%, equities sit at records, and Bitcoin still faded. A weak response to good news is itself a warning.Price is wedged between the Median Realized Price at $63.0K and the Short-Term Holder Cost Basis at $68.7K, on the lowest spot volume since 2019.Sellers are tiring: supply in profit sits near past bear-floor territory, and break-ev...

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The Market Compass reads the whole crypto market in one view: seven lenses, one composite score, updated every day. This article is the monthly snapshot.

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Overview

Bitcoin has stabilised around $65k, extending its recovery from the late-June lows near $58k, though recent price action remains range-bound beneath the $66k area. Momentum has returned toward neutral and spot taker buying has accelerated sharply, but overall centralized exchange turnover remains subdued. This divergence points to improving demand wit...


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