Glassnode: Speculative enthusiasm wanes in bitcoin futures market as traders gradually close out positions amid increased market uncertainty

On January 9, Glassnode, an on-chain data analytics platform, analyzed the bitcoin futures market, showing that speculative enthusiasm is waning, with the intermediate-term trendline (30-day moving average) topping out and then dropping slightly, and the short-term trendline (7-day moving average) falling below the intermediate-term line, suggesting that traders are closing out their positions amid increased market uncertainty.