Glassnode: BTC outflows are slowing amid signs of on-chain recovery

Bitcoin network outflows are showing signs of slowing, The Block reported, citing analysis from Glassnode. According to the data, BTC's Realized Cap decreased by 1.45% over the past 90 days, but that decline slowed to just 0.18% in the last seven days. Market liquidity has also reportedly improved, with buy orders on the Binance spot order book now outnumbering sell orders. However, Glassnode noted that while on-chain indicators are showing signs of recovery, BTC is still trading approximately 15% below its on-chain fair value, or True Market Mean, of $77,200. The price is also below the average on-chain purchase price for short-term holders, which stands at $72,600.