Glassnode Says Bitcoin Accumulation Is Building Under The Surface
Bitcoin’s chart has looked heavy, but the on-chain picture is not quite as one-sided as the price action suggests. Glassnode’s latest Week Onchain report points to a market where pain is obvious, but where accumulation is also starting to show up underneath the surface.
That is a very Bitcoin kind of setup: sentiment weak enough to scare away late buyers, but on-chain behaviour showing that some investors are using the weakness rather than running from it.For more details, visit the
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