Glassnode: TradFi Perpetuals Expand on Crypto Venues

Glassnode states traditional finance is shifting onto crypto rails as perpetuals on stocks, gold and oil captured a growing share of perp volume on major venues while Bitcoin traded in a bear market.

Price sits at $81638.67 inside the Bollinger Bands with the upper band at $84578.22 acting as near-term resistance. The structure remains bearish as price holds below both the EMA50 at $82362.28 and the EMA200 at $82100.54, while the MACD death cross at -183.62 confirms trend weakness and the RSI at 43.49 shows neutral momentum without oversold relief.