BlockBeats News, May 28th, Glassnode has revealed the latest on-chain data showing that Bitcoin's spot trading volume delta (7-day MA) has re-entered the continuous negative range. As Bitcoin's price dropped to around $73,000, the market saw a significant acceleration in selling pressure, with sellers continuing to dominate the spot market, and the pressure of chip distribution is gradually accumulating.

Recently, as Bitcoin retraced from above $80,000 to around $75,000, spot demand, ETF inflows, and volatility expectations have continued to weaken. Although the market position has been somewhat reset, investor confidence remains limited, with an overall cautious stance.