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Jake Simmons

Glassnode's March 25 Report Says Bitcoin's $70,000 Rebound Still Lacks Spot Demand

Bitcoin rebounded toward $70,000 after dropping to roughly $67,000, but Glassnode says the move still lacks the demand conditions needed for a lasting recovery. In a March 25 weekly note titled "Awaiting Liquidity," the firm said sell-side pressure, ETF outflows, and dealer-driven imbalances have eased, yet spot volumes and leverage remain muted amid heavy overhead supply. BTC was last quoted at $69,961 at press time.
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