#SolanaSurge Bitcoin: Glassnode reveals the lack of bearish confirmation
Glassnode: Short-term holders are suffering, but historical bearish confirmation is lacking for long-term holders. Caution is key.
Bitcoin: Glassnode reveals the lack of bearish confirmation
Opinion
Today we dive deep into the blockchain with the fresh data brought to us by Glassnode, those on-chain detectives that we love so much. The question in the air, the one that raises the hairs on the neck of more than one holder, is whether Bitcoin has finally entered that dreaded territory known as a bear market, the famous "bear market." And the answer, hold on tight, is not as simple as a mere yes or no.
According to Glassnode's analyses, while there are signals that make us raise an eyebrow, the historical confirmation that usually marks the onset of a prolonged bearish period for Bitcoin... is still not appearing! Just as you hear it. There are no bear bells ringing loudly, at least not according to the data that these on-chain analysis experts handle.
Glassnode: Short-term holders are suffering, but historical bearish confirmation is lacking for long-term holders. Caution is key.
Bitcoin: Glassnode reveals the lack of bearish confirmation
Opinion
Today we dive deep into the blockchain with the fresh data brought to us by Glassnode, those on-chain detectives that we love so much. The question in the air, the one that raises the hairs on the neck of more than one holder, is whether Bitcoin has finally entered that dreaded territory known as a bear market, the famous "bear market." And the answer, hold on tight, is not as simple as a mere yes or no.
According to Glassnode's analyses, while there are signals that make us raise an eyebrow, the historical confirmation that usually marks the onset of a prolonged bearish period for Bitcoin... is still not appearing! Just as you hear it. There are no bear bells ringing loudly, at least not according to the data that these on-chain analysis experts handle.