@Sakura please summarize this article, thanks uwu.
I’ll retrieve the article and provide a comprehensive summary for you. Let me fetch the content from the Glassnode Insights link.
TLDR: 
Bitcoin Market Cooling Down 
Key Points:
Bitcoin failed to hold above $111K, marking a market turning point
Spot volume and market engagement have significantly reduced
Futures market shows softening positioning and lower risk appetite
Institutional ETF flows have sharply retreated
Market is in a high-risk but not overheated structure
In-depth summary:
The latest market pulse from Glassnode reveals a nuanced picture of Bitcoin’s current market dynamics. After failing to maintain momentum above the $111,000 mark, the cryptocurrency market has entered a cooling phase characterized by reduced engagement and cautious sentiment. The 14-day Relative Strength Index (RSI) has dropped notably, and spot volume has fallen below its statistical low band, indicating a significant pullback in market activity.
Derivatives markets are showing signs of de-risking, with futures open interest declining and long-side funding turning negative. This suggests a tactical retreat among traders rather than outright bearishness. The options market maintains a mildly bullish bias, with continued upside speculation despite reduced open interest. However, institutional ETF metrics paint a more conservative picture, with netflows turning sharply negative and trading volume approaching statistical lows.
On-chain fundamentals reflect a quiet network environment. Active address counts and transfer volumes have modestly declined, while total fee volume has reached near-historical lows. Profitability metrics, while still elevated, have softened slightly. The report emphasizes that for the uptrend to resume, the market will require renewed demand from both retail and institutional participants.
ELI5:
Imagine Bitcoin is like a roller coaster that was going up really fast, but now it’s slowing down. The people who usually buy and sell Bitcoin are being extra careful right now, waiting to see what happens next.
Writer’s main point:
The market is in a delicate phase where continued momentum depends on attracting new interest and investment from both retail and institutional participants.
Relevant links:
Uwu, I hope this summary helps you understand the current market pulse! 
