{"id":2240,"date":"2026-04-09T13:22:42","date_gmt":"2026-04-09T13:22:42","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=2240"},"modified":"2026-04-09T13:22:42","modified_gmt":"2026-04-09T13:22:42","slug":"bitcoin-stays-in-weak-and-uncertain-market-despite-recent-bounce","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/04\/09\/bitcoin-stays-in-weak-and-uncertain-market-despite-recent-bounce\/","title":{"rendered":"Bitcoin Stays in Weak and Uncertain Market Despite Recent Bounce"},"content":{"rendered":"\n
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Bitcoin and the broader crypto market are still showing signs of weakness despite the recent price rebound, according to on chain analytics firm Glassnode.<\/p>\n\n\n\n

The firm described the current environment as subdued and lacking strong conviction, with limited activity in the spot market. Trading volume remains relatively low, and Binance\u2019s thirty day relative volume is still below the baseline level of one, signaling weak organic demand behind the recent price stabilization.<\/p>\n\n\n\n

Bitcoin briefly reached a three week high of seventy two thousand seven hundred dollars following news of a two week ceasefire between the United States and Iran. However, the price quickly pulled back during Thursday\u2019s Asian trading session, dropping below seventy one thousand dollars. Glassnode noted that Bitcoin is still trading within what it considers the bear market value zone.<\/p>\n\n\n\n

Volatility Risks Remain Elevated<\/strong><\/p>\n\n\n\n

Market uncertainty continues to build as geopolitical developments evolve. Reports indicate that Iran may restrict the number of ships passing through the Strait of Hormuz, pushing crude oil prices back up to around ninety seven dollars per barrel.<\/p>\n\n\n\n

Market intelligence platform Santiment observed that the recent price movement resembled a buy the news reaction following the ceasefire announcement by United States President Donald Trump. However, the presence of conflicting reports suggests the situation may be better understood as a buy the rumor scenario, increasing the likelihood of significant volatility ahead.<\/p>\n\n\n\n

Adding to concerns, CryptoQuant analyst Darkfost highlighted a sharp decline in the number of Bitcoin addresses depositing funds on exchanges, which signals slowing market activity.<\/p>\n\n\n\n

The number of depositing addresses has dropped to around thirty one thousand per day based on a thirty day moving average, marking a ten year low and aligning with levels last seen in 2017. This is significantly below the annual average of forty seven thousand.<\/p>\n\n\n\n

Historically, such a steep decline in deposit activity tends to occur during the later stages of bear markets, when overall interest begins to fade.<\/p>\n\n\n\n

Crypto Market Momentum Begins to Fade<\/strong><\/p>\n\n\n\n

The total cryptocurrency market capitalization has fallen by about one point three percent to two point four nine trillion dollars, as earlier gains this week start to weaken.<\/p>\n\n\n\n

Ethereum has also slipped slightly to around two thousand one hundred eighty dollars, while most altcoins are trading lower. Larger losses have been observed among assets such as XRP, Solana, Dogecoin, Cardano, Chainlink, and Monero.<\/p>\n\n\n\n

Despite the cautious outlook, Real Vision chief executive Raoul Pal remains optimistic. He pointed out that global liquidity is increasing, including rising money supply measures in the United States and China, which historically supports higher risk assets like cryptocurrencies.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin and the broader crypto market are still showing signs of weakness despite the recent price rebound, according to on chain analytics firm Glassnode. The firm...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2240","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=2240"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2240\/revisions"}],"predecessor-version":[{"id":2241,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2240\/revisions\/2241"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=2240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=2240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=2240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}