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Post #1602 6.61K
The Week On-Chain 12, 2026
Awaiting Liquidity

#BTC has stabilised around $70k, with ETF flows improving and sell-side pressure easing. However, muted spot volume and overhead supply suggest stronger demand is still needed to turn this into a recovery.

Executive Summary

- Unrealised losses have increased but remain within historical norms, indicating stress without full capitulation.

- US Spot ETF flows have turned modestly positive after sustained outflows, signalling early signs of institutional re-engagement.

- Spot volumes remain subdued, with limited expansion on the recovery, suggesting weak conviction and selective dip-buying.

Read the full Week On-Chain 👇
https://glassno.de/4sATTn1
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