Analysis: Bitcoin shows "initial signs of improvement" as concerns about the conflict with Iran ease.

PANews reported on March 10th that, according to Decrypt, on-chain analytics firm Glassnode stated that the Bitcoin market structure is showing initial signs of stabilization as concerns about the conflict with Iran subside. Bitcoin rose 4.3% to approximately $69,100 that day, with increased open interest in futures contracts and active buying in the perpetual contract market, indicating that traders are cautiously returning to leveraged positions. Inflows into US spot Bitcoin ETFs increased to approximately $934 million, a 20% increase from the previous week.

Glassnode notes that momentum indicators, ETF demand, and profitability metrics are improving, but the recovery is still in its "preliminary" phase, and price action lacks the strength for a decisive bullish reversal. Trading volume and network activity remain subdued, and capital flows are weak, indicating that overall confidence has not yet fully recovered.