According to @glassnode, Bitcoin shows early stabilization as the relative strength index rebounds and cumulative volume delta turns positive, while spot market volume, on-chain activity, and liquidity remain weak, source: Glassnode Market Pulse on X, Dec 1, 2025. According to @glassnode, ETFs are recording net inflows, yet futures positioning is de-risking and flows are dominated by short-term capital, source: Glassnode Market Pulse on X, Dec 1, 2025.