Bitcoin's price surged from over $77,000 to approximately $82,000 in the past week, according to Glassnode's latest market report. The report highlights increased spot demand, heightened futures activity, and greater on-chain engagement, with daily active addresses, transaction volumes, and fees all on the rise.
Glassnode notes that the market structure for Bitcoin continues to improve, with profitability shifting from unrealized losses to gains. However, the report also points out that while capital inflows remain moderate, price momentum is cooling near its peak, indicating the market's sensitivity to shifts in risk appetite.
Bitcoin Climbs to $82,000 as Market Activity Intensifies
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