COINOTAG News notes that Glassnode’s weekly market commentary shows Bitcoin has climbed toward $94,000, yet the market remains not fully bullish. Momentum has improved and trading volume rose, but spot CVD and open interest have cooled, pointing to intensified potential selling pressure as the rebound unfolds.

Meanwhile, options trading signals demand for hedging downside risk, while ETF outflows suggest weak institutional demand. Taken together, BTC appears to be gaining momentum on a momentary basis while overall sentiment and positioning stay cautious, indicating that confidence is being rebuilt after recent volatility.