Glassnode: Bitcoin is still adapting to the new price range, and its long-term holders are not active
Foresight News reports that Glassnode tweeted, stating that Bitcoin is still adapting to the new price range, and liquidity conditions in the on-chain and contract markets are also shrinking. Long-term Bitcoin holders are not active, further strengthening the market's sluggishness and sideways price trend.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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