On-Chain data and analytics platform Glassnode said that Bitcoin, which fell by close to 4% in the last 24-hour period, regressed to $ 21,000, is “over-demand” at $ 20,000.
The report, published every week by Glassnode, is dated July 25, “30. In the weekly on-chain newsletter, it was said that there is excessive demand at the $20,000 level. Also in the report; New in psychological points such as 20, 30 and 40 thousand dollars short-term Bitcoin holders said that.
An analyst of Glassnode said that many of the investors who bought Bitcoin at psychological levels in the last drop did not sell. The analyst indicates that this is one of Bitcoin’s other investment tools. more earnings stated that it may be due to the possibility of bringing
Glassnode Week 30 On-Chain Report
Saying that these investors trust Bitcoin regardless of price, Glassnode stated that these people have the potential to turn into long-term investors. “Investors buying at the $40,000 and $50,000 levels will soon fall into the long-term investor category and will help support this argument,” the report states. statements were included.
Glassnode shows that the “actual price” is just 17 days Stating that we are under the market, he said that there is a possibility that the bear market will continue for a while.