Bitcoin analysts predict a prolonged consolidation period for BTC price, citing the fragility of its on-chain structure. Glassnode’s report highlights the need for caution and long-term perspective.
A Satoshi-era Bitcoin wallet moved $85M in dormant BTC amid El Salvador’s wallet launch, signaling bullish buy-side dynamics. Glassnode data reveals key market trends.
Glassnode flags a bearish setup for XRP, comparing current on-chain cost basis to the February 2022 pre-crash structure. Despite $1.37B in ETF inflows, rising exchange balances and price action below key MAs signal caution.
Glassnode data indicates improving internal conditions for Bitcoin, with rising spot volumes and easing sell pressure, though the market remains fragile as Bitcoin dips below $93,000.
Major Bitcoin and Ethereum ETFs have seen sustained outflows since November, with Glassnode warning of institutional disengagement. Despite this, high-profile figures like Donald Trump continue to embrace crypto.
Bitcoin outperforms most crypto sectors despite 26% decline, with Ether, AI tokens, and memecoins experiencing significant losses.
Bitcoin navigates a fragile price range as market sentiment points towards lower volatility; a critical watch for investors.