Looming Bitcoin Supply Squeeze Could Trigger New Bull Cycle, According to Crypto Analytics Firm Glassnode

Certain Bitcoin ownership metrics indicate that Bitcoin (BTC) could be teeing up for a bullish market cycle, according to the blockchain analytics platform Glassnode. Glassnode notes that long-term Bitcoin holders (LTHs) have accumulated 79.5% of all BTC, which is equivalent to the rate achieved last October before the bull market kicked off. LTHs have on … Continue reading Looming Bitcoin Supply Squeeze Could Trigger New Bull Cycle, According to Crypto Analytics Firm Glassnode