News with the tag "Glassnode"

Glassnode reports that 99% of Bitcoin supply is currently in profit, indicating strong market resilience and positive investor sentiment.

Bitcoin's realized price has surpassed its 200-week moving average (200WMA), historically signaling a sustained bull market, indicating renewed investor confidence and potential for further growth.

Bitcoin holders are showing reduced profit-taking despite significant price surges, indicating stronger long-term conviction in Bitcoin's value.

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The resurgence in USDT circulation, highlighted by a $52.9 billion transfer volume, signals a revival in stablecoin activity and market liquidity, with Tron and Ethereum leading in network usage.

Bitcoin's unrealized profits have reached a record $1.4 trillion, reflecting significant wealth accumulation for holders, but this also introduces potential market dynamics and challenges.

Bitcoin (BTC) may experience a significant price correction, potentially dropping to $110,000, due to a low-volume 'air gap' and accumulation by short-term holders (STHs) in the $117,000–$122,000 range.

The recent decline in Bitcoin's Long-Term Holder to Short-Term Holder (LTH/STH) Supply Ratio signals a potential new all-time high (ATH) as long-term holders distribute coins to new entrants, mirroring historical bull market patterns.

Glassnode identifies $4,500 as a critical resistance level for Ethereum's price, warning of potential market euphoria and structural risks if this level is breached.

Bitcoin accumulation at the $117,000 price point indicates strong investor confidence and long-term holding behavior, driven by factors like inflation hedging, dollar-cost averaging, and anticipation of halving events.