I had the opportunity to review Glassnode's March 11 report and frankly, they also believe that $BTC is in an accumulation phase.



Not only that, but they're drawing attention to the liquidity flowing into the ETF side. According to the latest data, ETF flows have turned positive again and there are recovery signals in spot demand as well.

However, there's an important detail here: This accumulation is not as strong as in previous cycles. In other words, the market hasn't yet accumulated enough momentum for a clear breakout.

While it's still early, I also believe that the market is gaining strength in this region and, barring any new global risks, I believe there's a possibility of a recovery from here.

For those who want to review the report:
BTC1.15%
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