On-chain data and analytics platform Glassnode has released its weekly report on Bitcoin.
Glassnode titled the report published on June 13 as “The Darkest Period of the Bear Season”.
Indicating that long-term investors are largely at a loss in the report, Glassnode is more than a year old. to its lowest levels in a long time. stated that he had regressed.
In the report published by Glassnode:
Bitcoin and cryptocurrencies continue to decline with the effect of macro markets, inflation coming to 8.6%, yield curve of 2-10-year bonds inverted. Thanks to this, a rally in DYX (dollar index) has started. For such reasons, Bitcoin has closed red in 10 of the past 11 weeks.
made statements.
In the report, which stated that the use of the Bitcoin network is gradually decreasing, it was said that even long-term investors started to lose. In addition, Glassnode is above the market average. almost the same as the current price explained.
Glassnode is what we call the holder. buying tendency of long-term investors stated to decrease. Bitcoin according to the report 30 thousand dollars The number of investors who want to buy when they are around is the highest.
Also, the platform More than 10 thousand bitcoins to bitcoins of accounts found you have added expressed.