Glassnode report suggests Bitcoin has strong support under $30,000

Bitcoin’s supply distribution reveals a robust foundation of investor holdings below the $30,000 level, indicating substantial price support at its current range, according to the on-chain analytics platform Glassnode. In a recently published report, Glassnode highlighted the coin’s profit/loss ratio, which currently stands at 75:25. This means that only a quarter of all Bitcoins were ... Read more