Mixed Signals in On-Chain Data: Current Analysis Indicates Uncertainty

Recent on-chain analysis by Foresight News reveals a mixed picture based on Glassnode data. While the Relative Strength Index (RSI) is nearing a neutral zone, spot Cumulative Volume Delta (CVD) has shown signs of improvement. Despite this, trading volume has declined. Futures open interest has experienced slight growth, while funding rates have decreased. Options skew remains high, with traders paying higher costs for downside protection. Furthermore, ETF inflows have slowed and trading activity remains limited.