Glassnode Analyst: Bitcoin's New High Sparks Selling Pressure from Long-term Holders, Similar to Past Cycles
Glassnode Analyst: Bitcoin's New High Sparks Selling Pressure from Long-term Holders, Similar to Past Cycles
The Chief On-Chain Analyst of blockchain analytics firm Glassnode, Checkmate, stated on Monday (8th) on X platform that the Binary Spending Indicator for Bitcoin holders suggests that the current scenario of Bitcoin surpassing its all-time high price appears to be similar to previous cycles when new highs were reached. Long-term holders have started spending their Bitcoin, leveraging the influx of new demand and liquidity.
Successful Conclusion of CoinEx Taiwan’s 7th Anniversary Celebration, Embracing the Arrival of the Web3 Era Hand in Hand with Users
Since its establishment in 2017, CoinEx has been a professional cryptocurrency trading pla…