Glassnode: Bitcoin spot and futures markets are strengthening simultaneously, and market bullish sentiment is strong

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Mars Finance reports that on April 14, Glassnode released its weekly market outlook, indicating that Bitcoin’s price momentum increased by 51.7%, breaking through previous highs, reflecting a significant strengthening of spot buying pressure and a shift toward stronger market buying support. On the other hand, Bitcoin futures open interest continues to rise, and the options delta skew shows a moderation of bearish bias. Coupled with cooling on-chain activity, this suggests that the current phase is consolidating with improving sentiment. Glassnode states that from a profitability perspective, market pressure has eased. Overall, various indicators collectively suggest that the market exhibits strong bullish sentiment, increased investor participation, and enhanced risk appetite, despite some cautious sentiment and signs of market stabilization.

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