News list for "glass node"
According to data tracked by blockchain analysis company Glassnode, the percentage of Bitcoin circulating supply that was last transferred to the chain at least a year ago has dropped to its lowest level since October 2022. On Monday, 12.95 million BTCs (equivalent to 65.84% of BTC circulation supply) remained unchanged for over a year, the lowest proportion since October 2022.
Glassnode Analyst @ _check ɱ ATE posted on social media X stating that the recent breakthrough of Bitcoin over ATH (the highest price in history) looks almost identical to all previous breakthroughs in ATH. Long term holders are beginning to use the new inflow of demand and liquidity to consume their tokens, while smart people buy low and sell high.
Blockchain analysis company Glassnode has disclosed in a statement that as the price of Bitcoin has fallen by 15.4% from its historical high of $73000, this price behavior is very consistent with the previous 2018-21 cycle. Data shows that the price of Bitcoin hit $73100 on March 13, fell to a low of $61800 on March 20, and then returned to the $70000 range. When the market encountered resistance, Bitcoin investors had already sold for over $2.6 billion in profits, marking an increase in profit ...
According to data from on chain analysis company Glassnode, the US spot Bitcoin ETF has been trading for less than three months, but during this period, approximately $9.5 billion worth of BTC has been withdrawn from major trading platforms. On March 27th alone, the total amount of Bitcoin proposed from the exchange exceeded 22000 BTC (1.54 billion US dollars), setting the third largest single day withdrawal total for 2024.
