Bitcoin Price Momentum Rises 12.5% Amid Stronger Market Participation
Bitcoin's price momentum rose from 47.7 to 53.6 over the past week, representing a 12.5% increase.
This improvement in momentum, according to Glassnode, reflects improving price action and a shift away from immediate selling pressure.
Spot Cumulative Volume Delta (CVD) moved from negative $97.9 million to positive $46 million, indicating aggressive traders began lifting prices and marking a shift from net selling toward positive volume.
Futures open interest climbed 2.7% from $36.2 billion to $37.28 billion, with long-side funding payments increasing 47%, suggesting elevated participation and heightened market engagement.