CoinScoopGlassnode Market Compass: Composite Score Drops to 23 as Macro Outlook Tightens
Glassnode's Market Compass composite score has fallen to 23, signaling a defensive market stance. The macro score dropped to 31 as the US Dollar Index returned to its 200-day moving average, reversing recent gains. While on-chain fundamentals reached a score of 52, profit-taking by Bitcoin holders has increased following the late-August rally.
Summaries are written by AI from the original article. Not investment advice.