Glassnode: “Bitcoin is in the Period of Gathering Before the Grand Rally!”

Leading cryptocurrency bitcoin After the data from the USA, it reached the limit of 31,000 dollars. However, it did not hold up at this level.

Good news as investors wait for BTC to rally glassnode’came from

Stating that the supply distribution in Bitcoin shows that BTC has established a solid foundation below $ 30,000, Glassnode said, “This indicates that BTC is forming strong price support for its current level.” said.

In the recently published report Glassnode, He stated that about 75% of the total Bitcoin supply is held at profit, while the remaining 25% is held at a loss.

This means that only 25% of the total BTC supply was bought above the current level of $30,000.

At this point, Glassnode stated in its report that almost all of the 75% of the profits are HODLers and these investors are long-term investors who profit as the price rises:

“We can see that the supply between $15,000 and $30,000 in Bitcoin is quite substantial. This shows that a large amount of Bitcoin has changed hands in the last 12 months.

This means that only 25% of the BTC supply was purchased above $30,000, and these purchases were also made in the 2021-2022 period.”

However, stating that the 75%-25% rate in the BTC supply represents a balance point for BTC, Glassnode stated that after this rate was caught, BTC entered the accumulation process.

Glassnode is a pre-halving event by analysts of this era. “accumulation period” He added that it was named

Glassnode also said in its previous reports that Bitcoin is already making movements seen in the early stages of bull markets.

*Not investment advice.