Data: The selling pressure of Bitcoin spot is intensifying, and the distribution pressure of chips is gradually accumulating

Glassnode disclosed the latest on-chain data showing that the Bitcoin spot trading volume difference (7-day moving average) has re-entered a sustained negative range. As the Bitcoin price fell back to around $73,000, the market experienced significant selling pressure accelerating, with sellers continuing to dominate the spot market, and the pressure of chip distribution is gradually accumulating.

Recently, during the process of Bitcoin falling back from above $80,000 to around $75,000, spot demand, ETF fund inflows, and volatility expectations have all continued to weaken. Although market positions have been somewhat reset, investor confidence remains limited, presenting an overall cautious wait-and-see attitude.