Glassnode Report Says Bitcoin Market Structure Remains Strong Amid Steep Decline
Bitcoin has experienced its steepest decline in the current cycle, trading over 26% below its all-time high (ATH), according to onchain analysis firm Glassnode. This contraction has significantly affected short-term holders, with over 2.8 million BTC now below their acquisition price. Bitcoin Market Faces Significant Drawdown, Glassnode Reports Despite the notable downturn, Glassnode’s latest analysis […]
Go to Source
Author: Jamie Redman
Related posts:
- Report: Speculation Returns as Bitcoin Market Shows Signs of Recovery
- Analysis of Long-Term ‘Diamond Hand’ Bitcoin Holders Reveals Market Insights: Glassnode
- Monster-Sized Bitcoin Whale Transfers: Blockchain Parser Catches Significant Amounts of ‘Cold BTC’ Moved to Active Exchanges
- Glassnode Report Highlights Diverging Performance Between Bitcoin and Ethereum