Glassnode Draws 2022 Comparisons as Bitcoin’s Metrics Signal Consolidation

In its latest weekly report, an on-chain analytics company, Glassnode, draws significant parallels to the current market structure of Bitcoin (BTC) and the sideways consolidation phase of Q1 2022 Bitcoin. There have been several warning signs in the market, characterized by an accumulation of supply in loss and a compressed supply of long-term holders. The …

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