In short: Glassnode says recent BTC buyers have moved out of the heavy-selling zone, with the share of short-term holders’ supply in profit falling to around 70%.
On the face of it, this is a negative factor. How much it affects the market will depend on volume. Next, watch two things: whether volume picks up and whether buyers step in on pullbacks.
$BTC is currently at 79858.21, up 0.41% on the day.
On the face of it, this is a negative factor. How much it affects the market will depend on volume. Next, watch two things: whether volume picks up and whether buyers step in on pullbacks.
$BTC is currently at 79858.21, up 0.41% on the day.
