Glassnode: Bitcoin Market Intact After Flash Crash — ETF Inflows and Deleveraging Drive Consolidation

Glassnode’s weekly market report notes that despite the recent flash crash, the broader Bitcoin market structure remains intact, with elevated spot trading volume, persistent ETF inflows, and robust on-chain activity measured by adjusted entity transaction volume.

The report frames current dynamics as a necessary round of deleveraging: forced exits by leveraged participants have reduced excessive leverage and speculative positions, leading to a recalibration of short-term sentiment while preserving underlying institutional demand and structural capital.

Market conditions have shifted into a consolidation phase characterized by steady liquidity, muted momentum and increased caution; participants should prioritize risk management, monitor entity transaction metrics, and expect selective, disciplined re-entry across spot and derivatives venues.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.