Yann Allemann, founder of on-chain analysis platform Glassnode, announced one of the most important bullish signals for Bitcoin (BTC).
Bitcoin 35 thousand dollars A comment about the current situation came from Glassnode founder Yann Allemann. Allemann wrote in a blog post on November 6, Bitcoin He pointed out that market demand outpaced the market supply.
An experienced name joined the network in just one day, as an indicator of increasing demand. 700 thousand new Bitcoin addresses He emphasized that this indicator could be an important signal for the continuation of the rise.
Increasing demand in the market may push buyers to be more aggressive Allemann implies that, historically speaking, such environments causing buying pressure told:
Bitcoin’s market demand has outstripped its supply, a clear sign of strong positive momentum. In just one day, 700,000 new BTC addresses joined the network. This expansion is considered one of the most reliable indicators for price predictions. Due to the reduced supply of Bitcoin currently in circulation, buyers may need to increase their bids to get their orders executed quickly.