The historical scale on the series suggests that Bitcoin (BTC) has more space for operation, according to Glassnode- Here’s the reason
Glassnode believes prominent analysis companies on the series that Bitcoin (BTC) has a greater space to run to the upward trend based on one indication of the series.
On the social media platform X, Analysis Company It indicates The investigating BTC ceiling, which records the price in which each other currency was transferred and aims to measure the number of profit owners or in a loss.
Glassnode says,
“CAP tracked net capital flows in Bitcoin, which is a major driver for bull markets. So far, 2.1X has grown from 2022 low – less than the peak of 5.7X for the last cycle. You see the typical active stage sharply, but this has not been fully achieved yet.”
Glassnode also Notes The current session of this Bitcoin seems to follow Run Bull 2015-2018, which was largely driven by the immediate market investors.
“Despite the maximum market much larger, the decline processes rarely exceeded, which reflects a strong demand, ETF (traded box) flows, and the role of bitcoin as the origin of Macro.”
Analysis Company He says When a new request is achieved, the price is inclined to accelerate in the “second orgasm”.
“The previous sessions have seen growth in explosives, although the height of 100x of the low – as in 2015 – is unlike the day. If the demand is strengthening, there is still room for more expansion.”
BTC is trading at $ 101,807 at the time of writing this report. The highest categorized coding assets have decreased by the maximum market by more than 3.5 % in the past 24 hours.
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