Summary
- Reported that "Bitcoin (BTC) is adapting at a price level 30% lower than its peak."
- Stated that "Futures markets and on-chain liquidity are contracting, and long-term holder movement is stagnant."
- BTC is trading at $81,674.95 on the Binance market, down 2.88% from the previous day.
On the 18th (local time), on-chain virtual asset (cryptocurrency) analysis platform Glassnode reported via X (formerly Twitter) that "Bitcoin (BTC) has fallen 30% from its peak and is adapting at this price level."
They added, "The futures market and on-chain liquidity are also contracting, and BTC long-term holder movement remains stagnant."
Meanwhile, as of 02:47 on the 19th, BTC is trading at $81,674.95 on the Binance Tether (USDT) market, down 2.88% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
