Newsbtc
1 mese fa
Bitcoin Price Drop Below $70,000 Apparently Driven By Lack Of Interest, Glassnode Data Shows
Glassnode's analysis indicates that the recent Bitcoin price drop below $70,000 is due to modest demand and decreased capital inflow, contrasting with the sharp inflows seen prior to the all-time high. Despite this, market equilibrium and positive signs, such as a decline in sell-side risk and compressing volatility, along with Spot Bitcoin ETFs recording net inflows, hint at a potential for improvement.
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