Bitcoin Has Formed a 'Firm Foundation' Under $30000: Glassnode
Glassnode's onchain analytics platform reveals that the supply distribution of Bitcoin shows strong price support at its current level. The ratio of coins in profit/loss indicates that only a quarter of all coins were bought above Bitcoin's current price. This suggests that long-term holders are providing a firm foundation for the cryptocurrency's price.
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Bitcoin Has Formed a 'Firm Foundation' Under $30000: Glassnode
Glassnode's onchain analytics platform reveals that the supply distribution of Bitcoin shows strong price support at its current level. The ratio of coins in profit/loss indicates that only a quarter of all coins were bought above Bitcoin's current price. This suggests that long-term holders are providing a firm foundation for the cryptocurrency's price.