US EditionRecent Bitcoin Rally Showing ‘Durability,’ According to Glassnode – Here’s What the Analytic Firm Means - The Daily Hodl
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Recent Bitcoin Rally Showing ‘Durability,’ According to Glassnode – Here’s What the Analytic Firm Means
On-chain metrics suggest the ongoing Bitcoin (BTC) rally is looking durable, according to the crypto analytics firm Glassnode. The firm notes on the social media platform X that “first buyers and momentum buyers” continue to demonstrate strong engagement, while profit takers display only a moderate level of activity. “This is constructive, as it suggests ongoing…
Recent Bitcoin Rally Showing ‘Durability,’ According to Glassnode – Here’s What the Analytic Firm Means - The Daily Hodl
On-chain metrics suggest the ongoing Bitcoin (BTC) rally is looking durable, according to the crypto analytics firm Glassnode. The firm notes on the social media platform X that “first buyers and momentum buyers” continue to demonstrate strong engagement, while profit takers display only a moderate level of activity. “This is constructive, as it suggests ongoing demand from new and trend-following participants without significant distribution pr…
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