Latest Trends in the Bitcoin Market: Glassnode Analysis

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Suspected Cryptocurrency Theft Exceeds $133 Million

A suspected theft of cryptocurrency has escalated to over $133 million, prompting responses from multiple exchanges.

user avatarSatoshi Nakamura

NEAR Token Price Declines Despite Proposal Approval

NEAR Protocol's native cryptocurrency NEAR experienced a price drop on Tuesday, even after a proposal aimed at reducing long-term token dilution was approved.

user avatarJesper Sørensen

Apple's Margin Warning Adds Pressure to Crypto Markets

Apple's outlook raises concerns about rising operating costs, impacting investor sentiment in the technology sector and cryptocurrency markets.

user avatarLucas Weissmann

Investigation Reveals Hacker Controls Millions in Altcoins

Investigation reveals that a hacker controls significant holdings in various altcoins, posing a risk of market impact.

user avatarFilippo Romano

ZeroBeta and Lynq Integrate Tokenized Treasury Holdings for Enhanced Institutional Finance

ZeroBeta and Lynq have announced a new integration that connects tokenized Treasury holdings to institutional borrowing and trading, allowing eligible assets to be pledged as collateral while accruing interest.

user avatarEmily Carter

Spiko Announces $238 Billion in Tokenized Investment Fund

Spiko has reported a remarkable $238 billion in its Amundi Overnight Swap Fund (SAFO), emphasizing the rising significance of tokenized investment products in business cash management.

user avatarTomas Novak

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.