Улучшение на спотовом биткоин-рынке: аналитики Signal о растущем интересе и изменении настроений Improvement in the Spot Bitcoin Market: Analysts Signal Growing Interest and Changing Sentiments

Analysts at Glassnode have observed an improvement in the spot market for the leading cryptocurrency. Trading volumes are increasing, while selling pressure is diminishing.

The firm noted a «modest» rise in trading activity. The imbalance between buying and selling has crossed the upper statistical threshold, indicating a decrease in coin supply, even though demand remains «fragile and uneven.»

Experts believe that the market is in a consolidation phase and is gradually restructuring. Internal conditions are improving despite traders maintaining a defensive stance.

Gracie Lin, CEO of OKX in Singapore, stated that the market has already «digested» profit-taking from late 2025. According to her, long-term holders are not selling their assets at every bounce, while institutional investors are buying the dips through ETFs.

In light of news about tariffs and record-high gold prices, investors are increasingly using Bitcoin as a hedge for their portfolios rather than for short-term speculation, Lin added.

At Swissblock, the current situation is compared to that of 2022. The decline in network activity and liquidity resembles conditions from the previous cycle.

According to analysts, history shows that recoveries in these metrics in the past have triggered significant bullish rallies.

At the time of writing, the price of the leading cryptocurrency is $91,142.

A 2% daily drop in prices has prompted liquidations totaling $335 million.

Julio Moreno, head of research at CryptoQuant, noted a significant shift in investor behavior. For the first time since October 2023, Bitcoin holders are realizing net losses over a 30-day period (a trend that has been observed since the end of December).

Researcher Axel Adler Jr. recorded a drop in the sentiment index from an extreme of 80% to 44.9%. Previously, during a local peak at $97,000, the index was in an overheated zone.

A move below the neutral threshold of 50% signals a reduction in risk appetite. The analyst believes that a return above this level is necessary for price stabilization. Further declines to 20% would increase the likelihood of a deep correction.

Amid pressure on digital assets, gold has, for the first time in history, surpassed the $4,700 per ounce mark. Futures for the precious metal in the U.S. have also set new records.

Silver has reached a new historic high of $95.

The rally in precious metals has been triggered by deteriorating global sentiment following President Donald Trump’s threats to impose new tariffs on European allies if Denmark refuses to sell Greenland.

According to Bitfinex, the ratio of Bitcoin to gold has fallen more than 50% from its peak.

«The last time the first cryptocurrency experienced similar values, it subsequently outperformed the precious metal. This is a crossing to watch as liquidity accumulates toward 2026,» analysts commented.

American spot Bitcoin ETFs broke a four-day streak of inflows ($1.8 billion), recording a net outflow of $394.68 million on January 19.

Farzam Ehsani, CEO of Valr, linked this to the market transitioning into a «risk-off» mode. He noted that Trump’s aggressive trading rhetoric and the threat of tariff wars historically create a «strong headwind» for cryptocurrencies and other risky assets.

It is worth noting that an expert under the pseudonym Darkfost highlighted an improvement in the «visible demand» for the leading cryptocurrency.