July 21, 2024

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Glassnode Report Says Bitcoin Market Structure Remains Strong Amid Steep Decline

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Glassnode Report Says Bitcoin Market Structure Remains Strong Amid Steep Decline
Glassnode Report Says Bitcoin Market Structure Remains Strong Amid Steep DeclineBitcoin 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 […]