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.
Why Did FamilyMart Enter the Cryptocurrency Sector? Trump’s Second Son Reveals the Truth Behind It.
He stated that the family originally had no plans to enter this field, but the banking sys…