Crypto Market Enters a New Phase After the Crash — Glassnode
According to analysts, the recent crash served as a strong but necessary reset. Buying pressure in the crypto market has eased, and the decline in Bitcoin’s open interest reflects an overall reduction in market risk appetite.
“The market structure remains stable. Spot trading volumes are holding at high levels, inflows into exchange-traded funds continue, and on-chain activity remains strong,” the experts explained.
Traders have begun rebalancing their positions in response to volatility and new global market developments. No mass capitulation among cryptocurrency holders has been observed, Glassnode noted.
Such price movements often lay the foundation for a more sustainable upward trend. The reduction in speculative pressure opens the door to new long-term investments and more measured decision-making by institutional players, the analysts concluded.
Earlier, Michaël van de Poppe, founder of MN Consultancy, described the October 10–11 crypto market crash as an inevitable part of Bitcoin’s cycle and urged investors to remain patient and disciplined.
See also: "Bitcoin Supply on Exchanges Hits Decade Low — CryptoQuant"
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