According to glassnode, current crypto market data shows that while demand persists, buy-side participants are no longer aggressively pushing prices higher, resulting in an absorption phase without a breakout. This indicates a rotation phase under pressure, which traders should monitor for potential shifts in momentum. Glassnode's latest Week On-Chain report details that the lack of urgency is reflected in on-chain transaction volumes and order book dynamics, signaling a cautious environment for short-term traders and potential range-bound price action. Source: glassnode (https://twitter.com/glassnode/status/1930904133340377451).