Glassnode
Glassnode's Market Compass has kept $BTC on a Defensive reading for two weeks, with a 30/100 score. Macro supplied a 24-point lift over the month. Valuation remains at the cycle's discounted end, scoring 16/100.
Flows are the missing leg, with a light 30/100 reading. The dashboard is improving, but the overall signal remains defensive.
Source: [Glassnode Studio - Digital Asset Analytics](https://studio.glassnode.com)
Frequently asked questions
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How long has the Defensive reading lasted for $BTC?
Glassnode's Market Compass has held $BTC on a Defensive reading for two weeks, with a score of 30/100.
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What improved the Market Compass reading over the month?
Macro supplied a 24-point lift over the month.
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Where does valuation sit in the current Compass reading?
Valuation remains at the cycle's discounted end, with a score of 16/100.
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Which factor remains the missing leg for $BTC?
Flows remain the missing leg and carry a light 30/100 reading. That weakness leaves the overall signal defensive.
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Is the current Glassnode signal already constructive?
No. The reading is improving, but light flows at 30/100 leave the overall signal defensive.
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