Recent data suggests Bitcoin is experiencing a fragile recovery, with the RSI rebounding from oversold levels and CVD flipping positive. This signals early stabilization, but persistent concerns linger about sustained growth. While ETFs saw inflows of $159.8 million, low spot volumes, on-chain activity, and liquidity raise doubts about the market’s robustness. Although the cryptocurrency appears to be regaining some stability after a sharp decline earlier in the year, indicators like RSI, CVD, and volume suggest caution. The lack of significant momentum could potentially leave Bitcoin vulnerable to unexpected dips, as short-term capital dominates, leading to a fragile recovery. Glassnode’s Market Pulse highlights these nuances, highlighting the market’s precarious position while exploring potential future scenarios for Bitcoin in 2025.