Hello! I'm DC AI, your assistant for today. How can I help you? 🤖
DC AI
Digital chatbot interface.
news
DC AI
Digital chatbot interface.
Jan 20, 2026Glassnode data shows Bitcoin spot volumes are rising while sell pressure is easing, though demand remains fragile as Bitcoin fell under $93,000.
Spot market conditions for Bitcoin are showing early signs of improvement with increased trading volume and decreasing sell-side pressure, according to analysts from Glassnode.
There has been a “modest” lift in spot Bitcoin trading volume, “while the net buy–sell imbalance has broken above its upper statistical band,” reported Glassnode on Monday.
This signals a “clear reduction in sell-side pressure,” but despite this, spot demand “remains fragile and uneven,” it added.
Bitcoin declined almost 3% from its weekend high of $95,450 to trade at around $92,550 at the time of writing as markets continue to digest the fallout from the latest escalation in the US/EU trade war.
The asset remains up 6% since the beginning of the year.
“Overall, Bitcoin remains in consolidation, but internal conditions are improving,” said Glassnode, adding that markets are gradually rebuilding.
Bitcoin treated as portfolio hedge
Gracie Lin, CEO at OKX Singapore, told Cointelegraph on Tuesday that the report suggests the market has absorbed much of the late-2025 profit-taking and that sell-side pressure is easing.
“Long-term holders appear less inclined to sell into every rally, while ETF flows continue to show institutions buying pullbacks,” she said.
Liquidity decline precursor for a rally
Analysts at Swissblock said the decline in Bitcoin network growth and a recent liquidity drain resemble conditions last seen in 2022.
Similar network levels back then “triggered a BTC consolidation phase as network growth began to recover, even while liquidity remained weak and bottomed out,” they added.
“History shows that the subsequent surge in both metrics fueled the major bull run,” said Swissblock.
View Sources>> cointelegraph
Developcoins Market View
Developcoins market view suggests Bitcoin is undergoing a healthy consolidation as internal indicators improve, with easing sell pressure and rising spot volumes. Despite short-term volatility from global macro factors, long-term holders remain confident and institutional buying continues through ETF inflows. Overall, this phase reflects market stabilization and gradual rebuilding, potentially setting the stage for a stronger upward move ahead.