Summary of Bitcoin investors in ‘better position’ as onchain metrics signal market shift — Glassnode
Summary of Bitcoin investors in ‘better position’ as onchain metrics signal market shift — Glassnode
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The article discusses the recent recovery of Bitcoin's price to $66,000, which has seen a 26.5% rally from a low of $52,550. Glassnode analysts highlight several onchain metrics that suggest the market may be approaching a phase shift, including an increasing number of coins maturing into long-term holder status and a decrease in unrealized loss held by long-term investors.
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The source article:
quoting nevent1q…u83jBitcoin investors in ‘better position’ as onchain metrics signal market shift — Glassnode
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Despite this week’s sell-off, onchain and technical data highlight an encouraging shift in the Bitcoin market.
https://cointelegraph.com/news/bitcoin-investors-in-better-position-as-onchain-metrics-signal-market-shift-glassnode
The article discusses the recent recovery of Bitcoin's price to $66,000, which has seen a 26.5% rally from a low of $52,550. Glassnode analysts highlight several onchain metrics that suggest the market may be approaching a phase shift, including an increasing number of coins maturing into long-term holder status and a decrease in unrealized loss held by long-term investors.