Bitcoin rebounds toward $94,000 amid early recovery signs and cautious positioning

Glassnode said in a weekly market report published on December 9 that Bitcoin has climbed back toward $94,000 and is showing initial recovery signs, while sentiment and positioning remain cautious. The report cites improving market momentum and rising trading volumes, but notes declines in spot CVD (Cumulative Volume Delta) and open interest that suggest mounting potential selling pressure. It adds that options flows signal demand for downside protection, and ETF outflows indicate weak spot demand across the market as investors rebuild confidence after recent volatility.