Bitcoin's Rally Is 'Early and Speculative,' Glassnode Says: What's Missing?
Bitcoin’s rally lacks one key ingredient, according to Glassnode: real trading volume.Why ETF Demand Has CooledGlassnode wrote in its Sept. 30 weekly report that U.S. spot ETFs took in roughly $1 billion on each of two days in late September, with Sept. 21 marking the largest single-day inflow in n