‘Unique’ Bitcoin holder trend backs BTC’s next price discovery phase: Glassnode
Bitcoin enters a unique market phase as rising long-term holder dominance and compressed volatility could potentially trigger a fresh round of price discovery.
Key takeaways:
A unique divergence emerged as long-term Bitcoin holders took profits, while the overall supply held by this cohort continues to rise.
Bitcoin’s volatility has dropped to the 10th percentile, its lowest range in a decade, despite prices trading near all-time highs.
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