Bitcoin turnover rises, but sellers keep the upper hand, Glassnode says
Glassnode's November 9 weekly report found that Bitcoin trading turnover increased, yet sellers stayed more aggressive. Stronger buying in the cash market is now the key test for any recovery. For traders, the seller pressure suggests caution until buyers show clear strength.
Why it matters
- Trading activity rose, but sellers still drove the market.
- Seller aggression stayed strong even though turnover was higher.
- Cash-market buying is the main signal for whether a recovery can take hold.
What to watch next
Watch whether buying in the cash market strengthens and starts to outweigh seller aggression.
