• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Latest Trends in the Bitcoin Market: Glassnode Analysis

user avatar

by Giorgi Kostiuk

2 years ago

  1. Slowdown in Bitcoin Money Flow
  2. Changes Among Short-Term Holders
  3. Increase in Bitcoin Millionaires


    4. According to the latest data from the analytical agency Glassnode, the Bitcoin market is experiencing a slowdown in money influx, as well as an increase in the number of long-term holders.

    Slowdown in Bitcoin Money Flow

    Glassnode reports that over the past few months, the influx of money into Bitcoin has slowed. This phenomenon is rare and may lead to significant price fluctuations.

    Changes Among Short-Term Holders

    Short-term Bitcoin holders are experiencing the most losses, but they are now holding the asset for more than 155 days, becoming long-term holders. However, most of these long-term holders are holding BTC at a loss.

    Increase in Bitcoin Millionaires

    According to New World Wealth and Henley & Partners, the number of Bitcoin millionaires has increased to 85,400, a 111% increase over the year. This significant increase is supported by the approval of spot ETFs in the US.

    Glassnode research indicates stabilization in the Bitcoin market and an increase in the number of long-term holders, which could lead to significant changes in the near future.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Investing in ETFs: A Safer Approach During Market Uncertainty

chest

In light of the current market uncertainty, Analyst Stas emphasizes the importance of investing in ETFs, such as total market and index funds, as a safer way to gain exposure.

user avatarBayarjavkhlan Ganbaatar

Regulatory Challenges Continue for World Foundation

chest

World Foundation faces ongoing regulatory issues across multiple countries, impacting its operations and reputation.

user avatarLeo van der Veen

Nvidia Stock Remains Strong Despite Market Conditions

chest

Nvidia's stock has recently broken down from a key level and is currently at multi-month lows, but strong fundamentals and growth potential in AI make it a buy during the dip.

user avatarAisha Farooq

Micron Stock Sees Substantial Decline, Presents Long-Term Value

chest

Micron's stock has seen a significant decline, but it is viewed positively by Analyst Stas due to its low valuation compared to earning potential, making it attractive for long-term investors.

user avatarLi Weicheng

Coherent Stock: A Patient Investor's Opportunity

chest

Coherent, a company in the semiconductor and laser technology space, is being monitored by Analyst Stas for a potential investment as he waits for the stock price to drop further.

user avatarTenzin Dorje

Meta Stock Declines Amid Market Selloff, Presents Buying Opportunity

chest

Meta's stock has taken a heavy hit in recent months, continuing to fall during the broader market selloff. Despite this, the company is implementing cost-cutting measures and reducing its workforce, which is helping to stabilize the business. Analyst Stas highlights that Meta has a history of bouncing back strongly after major drops, viewing the current price levels as a potential buying opportunity for long-term investors.

user avatarMohamed Farouk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.