Speculative Interest in BTC Fades Across Traditional Markets, On-chain Data Shows

Analysts at the market research firm Glassnode have highlighted on-chain data indicating a weakening of speculative appetite for bitcoin (BTC) in traditional finance (TradFi) markets. According to a tweet from the firm, most TradFi channels for Bitcoin exposure are giving off the same signal: BTC volume in treasury vehicles and exchange-traded funds (ETFs) is drying up. Speculative Interest in BTC Cools One metric th…