Bitcoin Down 20% From March But Glassnode Analysts Are Very Bullish: Here’s Why

BTC corrections | Source: Glassnode via X

Bitcoin may need posted the deepest correction because the FTX crash in November 2022, dipping over 20% from its all-time excessive of round $74,000. Nevertheless, Glassnode analysts, whereas sharing their preview on X, stay cautiously optimistic.  BTC corrections | Supply: Glassnode through X Bitcoin Drops 20% From March Excessive, However Glassnode Is Bullish Glassnode notes that the … Read more

Bitcoin Whales Continue Buying, Now Hold 25.16% Of All Supply

Bitcoin Whale & Sentiment

On-chain information reveals that the Bitcoin whales’ holdings have grown to 25.16% of your complete provide, and their web accumulation has continued lately. Bitcoin Buyers With 1,000 To 10,000 BTC Have Continued To Purchase Lately In response to information from the on-chain analytics agency Santiment, the BTC whales have amassed greater than 266,000 BTC for … Read more

Will This Help Push BTC Above $74,000?

BTC dormancy chart | Source: CryptoQuant

Whereas Bitcoin struggles to increase good points, on-chain information shared by Ki Younger Ju, the founding father of CryptoQuant, on X shows elevated motion of outdated cash. Because the Bitcoin Common Dormancy chart reveals, this development lately hit a 13-year excessive.  Extra Outdated Whales Transferring Cash The Bitcoin Common Dormancy reveals the typical variety of days every … Read more