Cryptocurrency Insight
On-chain data shows that Bitcoin’s diamond hands remain strong as its supply hit a new all-time high. Supply of long-term Bitcoin holders increased to a new ATH According to Glassnode’s latest weekly report, long-term holders are now holding 14.46 million BTC. The “long-term holders” (LTHs) Read More
Bitcoin price bounced above the crucial $27,800 resistance yesterday in response to the First Republic Bank news and continues its rally above $29,000 today. As was the case after the collapse of Silicon Valley Bank and Silvergate, the news of the bank’s collapse served as Read More
Data from Glassnode shows that an additional 32.3% of the Bitcoin supply has entered a profit state from the 2023 rally so far. About 77% of the total Bitcoin supply is now profitable According to Glassnode’s latest weekly report, a total of 6.2 million BTC Read More
Data from Glassnode revealed that Bitcoin supply is gradually dispersing from whales and exchanges to smaller hands over time. Bitcoin supply is slowly showing dispersion for smaller holders According to a new report published by on-chain analytics firm Glassnode, investors holding less than 50 BTC Read More
The data shows that Bitcoin’s 1+ year supply has reached an all-time high, showing that the asset’s diamond hands are holding strong during the rally. Bitcoin Long Holders Not Moving Despite Rally According to Glassnode’s latest weekly report, the 6+ month supply is also close Read More