Data analysis company Glassnode that examines on-chain data is up-to-date bitcoin published its report.
The report noted that despite regulatory pressure in the US, Bitcoin has climbed as high as $25,000 and may have reached a new stage that will change the cycle.
In the report, it was emphasized that the transfer volumes of long and short-term investors decreased significantly and many investors realized their losses at historically high levels in the $ 15,500 bottom region of BTC by surrendering to the market.
In the report, it is stated that investors who save below $20,000 realize their profits at $25,000, while other short-term investors bitcoin It was emphasized that investors prefer not to send their coins to the stock market despite the rise in price, and wallets that have not moved for 6 months continue to sleep.
In the report, which examined many data in Bitcoin, the following statements were included:
“Despite regulatory pressure in the US, Bitcoin has regained $25,000, its highest level since June 2022. This showed that the market is strong.
On-chain data points to a new cycle of changing investor behavior and representing a turning point. “
You can find more details in the Glassnode report here.
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