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Glassnode: If Bitcoin approaches $94,900, it may highlight slowing demand, existing holders may increase selling pressure
Analysts at crypto data provider Glassnode have said that before demand dried up and the rally cooled, Bitcoin's monthly profits have historically been between $300- $50 billion. By comparison, realized profits have been around $20.40 billion since Bitcoin entered its latest stage of record discovery. While profit-taking has been significant, profit levels remain below historical peaks, suggesting there is room for further gains before potential demand is exhausted. Currently new investors or...
2024-11-14 02:19:28
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