Summary
- "Glassnode analyzed that Bitcoin (BTC)'s selling pressure has somewhat eased but still persists."
- "It said the Bitcoin holders' collective behavior indicator remains below 0.5 and cannot be seen as a strong accumulation signal."
- "It said that selling pressure has partially decreased compared to the end of August, but trend reversal signals have not been confirmed."
An analysis showed that Bitcoin (BTC)'s selling pressure has somewhat eased but still persists.
On the 15th (local time), on-chain data firm Glassnode said via X(formerly Twitter), "The Bitcoin holders' collective behavior indicator remains below 0.5," and "Compared to the end of August, selling pressure has partially decreased but still persists," it said. It added, "No cohort shows a strong accumulation signal (0.8 or above)."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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