According to on-chain data platform Glassnode, Bitcoin (BTC) showed one of the worst monthly performances in history in June, while Bitcoin “tourists” were purged from the market, leaving only Hodlers in the market.
glassnodethis week in the market report that it publishes on a weekly basis, bitcoin‘of June lived in the month 37.9% in decline one of the worst monthly performances in the last 11 years and that this decline Comparable to the 2011 bear market when Bitcoin was $10. Wrote.
In the report, short-term Bitcoin investors “tourist” describing as glassnodealong with the decline Bitcoin “tourists” leave the market, investors who HODL remain stated.
On-chain data typical bear marketwho said he showed glasnodeactivity on the Bitcoin network 2018 and 2019with the bear market in at the same level He added that he had the following statements:
The Bitcoin network is approaching a situation where almost all speculative assets and market tourists are completely cleared of the asset.
Highlighting significant accumulation levels glasnodedespite the almost complete cleanup of Bitcoin “tourists” 1 BTCless than and 1,000 to 5,000 BTCaddresses that have “significantly increased” stated.
glasnode, “Bitcoin addresses with a non-zero balance” has reached a new all-time high (ATH) and is currently 42.3 millionHe emphasized that he continues to watch on flour.
He also pointed out that the Bitcoin network has seen a significant wallet cleanup in bear markets. glasnodecurrently the data reflects otherwise, but that “an increasing level of stability among average Bitcoin participants” he pointed out.
CoinGecko data in the last 24 hours %2 appreciated Bitcoin (BTC)at the time of writing $19,758traded from.