Bitcoin rises 4.3% to around $69,100 as the market shows initial signs of improvement

On-chain analytics firm Glassnode stated that as concerns over the Iran conflict have eased, the bitcoin market structure is showing initial signs of stabilization. On the day, the price of bitcoin rose by 4.3% to around $69,100, with an increase in futures open interest and active buying in the perpetual contracts market, as traders cautiously return to leveraged positions. Meanwhile, US spot bitcoin ETF inflows increased to approximately $934 million, up 20% from the previous week. Glassnode pointed out that momentum indicators, ETF demand, and profitability metrics have improved, but the recovery is still at an early stage and price action has yet to show a clear bullish trend. In addition, trading volume and network activity remain sluggish, capital flows are weak, and overall market confidence has not yet fully recovered.