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[Glassnode: Bitcoin Stalls at $94,000, Market in Consolidation Phase] Glassnode noted that Bitcoin stalled at $94,000 and subsequently dropped to $87,000, with upward momentum weakening. Open interest in futures slightly declined, and perpetual contract CVD fell below the lower limit. Although active addresses decreased, entity-adjusted transfer volume exceeded the upper limit. ETF fund flows partially offset the impact of the price drop, but the MVRV of ETFs has retreated. Currently, the market is in a consolidation phase, with uneven confidence, making it prone to further declines or range-bound fluctuations.