Glassnode: Bitcoin perpetual futures market sees “very modest” uptick in longs in recent weeks

Glassnode, an on-chain analysis company, pointed out in a post that the Bitcoin market is still in a long-term consolidation phase, which is very similar to the period from the end of 2019 to the beginning of 2020. Since the historical high in March, capital inflows to the Bitcoin network have slowed down, posing a challenge to the profitability of short-term holders. However, despite the local net capital outflow, new investors' confidence in the market remains quite strong, and the long tendency of the perpetual futures market has seen a "very mild" increase in recent weeks.