• 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

Uniswap Proposes Protocol Fee Activation Across Multiple Deployments

chest

Hayden Adams, the founder of Uniswap, has proposed activating protocol fees across Uniswap v4 and other network deployments, reigniting a key governance debate in DeFi.

user avatarMaya Lundqvist

SEC Increases Position Limits for Bitcoin ETF Options

chest

The SEC has approved a significant rule change for options on BlackRock's iShares Bitcoin Trust, raising the position and exercise limits from 250,000 contracts to 1,000,000 contracts.

user avatarLeo van der Veen

BNB Chain Reaches $52 Billion in Tokenized Real-World Assets

chest

BNB Chain has reached approximately $52 billion in tokenized real-world assets, marking significant growth in the sector.

user avatarLi Weicheng

Sui Introduces Gas-Free Transfers for Stablecoins

chest

Sui has launched a new feature that allows users to transfer stablecoins without the need to hold the network's native token for transaction fees.

user avatarAisha Farooq

Pumpfun Transfers 81,712 SOL to Kraken, Impacting Solana Market

chest

Pumpfun has transferred a significant amount of SOL to Kraken, raising concerns about selling pressure in the Solana market amidst declining memecoin trading activity.

user avatarTenzin Dorje

Bitcoin ETF Inflows Surge Amid Improved Macro Sentiment

chest

Bitcoin ETFs recorded significant net inflows of $1.323 million on July 17, indicating renewed demand for Bitcoin through regulated investment products.

user avatarBayarjavkhlan Ganbaatar

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.