Almost 10% Of Bitcoin Supply Bought Above $60,000: Glassnode

Bitcoin, bitcoin buying, Bitcoin Distribution, Bitcoin News, Bitcoin Rally, Bitcoin supply, btc, btcusd, Glassnode

Data from the on-chain analytics firm Glassnode has revealed that around 9.5% of the Bitcoin supply changed hands above the $60,000 level. 1.87 Million Bitcoin Was Acquired At Price Levels Higher Than $60,000 In its latest weekly report, Glassnode has shared how the supply distribution of Bitcoin looks in terms of which levels the investors […]

Glassnode Data Shows Bitcoin At Crossroads: Time To Hold Or Take Profit?

Bitcoin, Bitcoin bulls, Bitcoin News, bitcoin price, btc, btc price, BTCUSDT, Glassnode, Spot Bitcoin ETFs

According to on-chain data analysis by Glassnode, Bitcoin is at a critical juncture. When BTC soared to $73,800 in March 2024, printing new all-time highs, the Bitcoin market reached a statistically significant level regarding on-chain unrealized profits, according to the Market Value to Realized Value (MVRV) ratio. Bitcoin MVRV Ratio At Historically Significant Level: Time […]

Here’s How The Rising Stablecoin Supply Is Shaping Bitcoin’s Price Performance

Bitcoin, Bitcoin News, btc, BTCUSDT, Crypto, Glassnode, Stablecoin, Tether, USDT

Stablecoins are now emerging as a pivotal force, particularly influencing Bitcoin’s recent price movements. Data from the on-chain analytics firm Glassnode reveals a notable shift in the stablecoin supply ratio (SSR) oscillator, signaling an increase in stablecoin “buying power.” This trend has become a significant factor contributing to Bitcoin’s price performance. Stablecoin Supply Moves 3.5% […]

Don’t Worry About Bitcoin: Glassnode Predicts When The Bull Market Will Begin |

Bitcoin, Bitcoin Bull Run, Bitcoin News, Bitcoin prediction, bitcoin price, btc, BTC news, btcusd, BTCUSDT, Bull run, Crypto, Crypto News, Glassnode

Several crypto analysts have weighed in on when the next bull run is likely to begin. A majority of them pinpointed the Bitcoin Halving as what will trigger this next cycle. With this in mind, crypto analytics firm Glassnode has provided insights as to when to expect the next bull market.  Bitcoin Halving Now 100 […]

Over 200,000 Ethereum Tokens Sent To Centralized Exchanges – A Threat To ETH Price? |

crypto exchanges, ETH, Ethereum, ethereum price, ETHUSDT, Glassnode

Following a relatively quiet start to the week, Ethereum’s price seems to have returned to some of its early December promises. However, the latest on-chain revelation shows that the “king of altcoins” might be facing some uncertainty over the coming the coming weeks. A massive amount of ETH has made its way to centralized exchanges […]

This Bitcoin Rally Is Different From Last Two, Here’s Why

Bitcoin, Bitcoin accumulation, Bitcoin Accumulation Trend Score, Bitcoin News, Bitcoin Rally, btc, btcusd, Glassnode

The on-chain analytics firm Glassnode has explained why the current Bitcoin rally is looking different from the last two surges of this year. Bitcoin Has Seen Aggressive Accumulation Throughout The Latest Rally According to the latest weekly report from Glassnode, BTC has seen some heavy accumulation recently. The indicator of interest here is the “accumulation […]