Data from the on-chain analytics firm Glassnode has revealed that around 9.5% of the Bitcoin supply changed hands above the $60,000 level.
According to on-chain data analysis by Glassnode, Bitcoin is at a critical juncture.
The number of bitcoin held in wallets tied to miners has dropped to the lowest since mid-2021.
The number of bitcoin held in wallets tied to miners has dropped to the lowest since mid-2021.
The funding rate spread has collapsed, indicating increased appetite by traders to speculate further out on the risk curve, one analyst said.
The funding rate spread has collapsed, indicating increased appetite by traders to speculate further out on the risk curve, one analyst said.
Stablecoins are now emerging as a pivotal force, particularly influencing Bitcoin’s recent price movements.
