Bitcoin’s On-Chain Activity Shows Capital Shift as Price
Photo: Coinfomania
Bitcoin trades near $82k as on-chain capital shifts hands, but ETF buyers are absent. Here's why traders are watching closely. Bitcoin continues to trade near $82,000 following a relatively quiet week that saw the price hold above $80,000. The selling pressure seen earlier in October has eased, but on-chain data suggests that while capital is shifting into new hands, spot and ETF buyers have not returned. This ongoing absence could influence future market dynamics, as observed in a tweet by @glassnode. The current market context shows Bitcoin holding steady around $82,000, despite a lack of significant trading volume.
Source: Coinfomania
