Recent Weeks See “Mild” Increase in Long Positions in Bitcoin Perpetual Futures Market

On-chain analytics firm Glassnode reported that the Bitcoin market remains in a prolonged consolidation phase, resembling the period from late 2019 to early 2020. Since the historical peak in March, capital inflows into the Bitcoin network have slowed, posing challenges to short-term holders’ profitability. However, despite experiencing localized net capital outflows, new investors’ confidence in the market remains robust. In recent weeks, there has been a “very mild” increase in long positions in the perpetual futures market.