Bullet points of Bitcoin investors in ‘better position’ as onchain metrics signal market shift — Glassnode
Bullet points of Bitcoin investors in ‘better position’ as onchain metrics signal market shift — Glassnode
- Bitcoin's recovery to $66,000 saw it set a new higher high for the first time since the $73,835 all-time high set in March.
- Glassnode analysts say multiple onchain metrics suggest the market might be "approaching a phase shift"
- The long/short-term holder supply ratio has reached its highest level since June 2021, indicating that HODLing persists as the dominant behavior of Bitcoin investors.
- A large volume of Bitcoin acquired close to the $73,835 all-time high has matured across the 155-day threshold, and the supply held at an unrealized loss by long-term investors is increasing.
- Bitcoin's recovery to $66,000 saw it set a new higher high for the first time since the $73,835 all-time high set in March.
- Glassnode analysts say multiple onchain metrics suggest the market might be "approaching a phase shift"
- The long/short-term holder supply ratio has reached its highest level since June 2021, indicating that HODLing persists as the dominant behavior of Bitcoin investors.
- A large volume of Bitcoin acquired close to the $73,835 all-time high has matured across the 155-day threshold, and the supply held at an unrealized loss by long-term investors is increasing.