Bitcoin Top Buyers Preferring To Hold Rather Than Sell, Glassnode Reveals

The on-chain analytics firm Glassnode has explained how Bitcoin investor behavior tends to reflect in price trend reversals and continuations. Glassnode Highlights Key Behavioral Patterns Behind Bitcoin Moves In a new thread on X, Glassnode has shared a new way to categorize Bitcoin investors based on their on-chain spending patterns. Under this indicator, called the Supply by Investor Behavior, there are five cohorts: Conviction Buyers, First Buyers, Momentum Buyers, Loss Sellers, and Profit Takers. First Buyers, Loss Sellers, and Profit Takers are pretty self-explanatory. Conviction....

Despite the May sell-off, strong hands are mostly holding firm at prices which seemed impossible two years ago. Bitcoin (BTC) is less active than at any time this year, new data shows as traders stubbornly refuse to sell.One metric from on-chain monitoring resource Glassnode reveals that the Bitcoin supply is becoming less and less available despite lower prices."Spooked" hodlers cling to BTCOn June 2, Bitcoin’s active supply hit a five-month low of 44.5%. Bitcoin two-year active supply vs. BTC/USD chart. Source: Glassnode/ TwitterThe number measures coins which have moved in the past two....

The on-chain analytics firm Glassnode has revealed how Solana has recently shown more resilience than Bitcoin and Ethereum in this indicator. Solana Has Seen A Smaller Decline In Hot Capital Than Bitcoin & Ethereum In a new post on X, Glassnode discusses how the various top coins in the cryptocurrency sector have performed in terms […]

The latest analysis by Glassnode suggests that the worst of the sell-offs could be concluded, but the market still needs time to recover. “Extreme” demand at the $20,000 price point for Bitcoin (BTC) appears to have forced the coins back into the hands of investors who care less about price while creating a new realized price level.In the latest The Week OnChain Newsletter published on Monday, Glassnode’s UkuriaOC pointed to “extreme demand” around the $20,000 region, noting that each psychological price level from $40,000 to $30,000 to $20,000 creates a new group of short-term holders....

Latest data from Glassnode reveals that around 14% of the Bitcoin supply has been redistributed since the July of this year. 14% Of The Total Bitcoin Supply Has Changed Hands Since July 2022 As per the latest weekly report from Glassnode, around 20.1% of the supply now has a cost-basis in the historical bottom formation […]