Bitcoin holds near $76,500 as muted trading reflects cautious market sentiment
By
@crypto.at.thenote.app
Pure flour-power. Hearty enough to carry you through lunch.
Summary
Bitcoin is hovering near $76,500 in muted post-holiday trading, with Polymarket traders giving a 60% chance it finishes the week above $76,000. Market maker Enflux notes that while buying interest exists ("the bid is there"), no one is adding significant positions. Glassnode data confirms balanced buying and selling pressure but with weaker overall trading activity, pointing to a cautious, wait-and-see market stance.
Key quotes
· 2 pulledThe 'bid is there' but no one is adding size.
Buying and selling pressure is becoming more balanced, but weaker trading activity points to a cautious market.
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