IN Glassnode Analyzed the dynamics of the first cryptocurrency course in recent years and discovered a decrease in the rate of rise in price with each new bull cycle. According to analysts, this reflects the “movement towards maturity” – an increase in the capital necessary to increase the value of the asset.
“The market has not yet entered the stage of exponential growth, which leaves the space for the movement of cryptocurrency in the upward trend,” experts explained.
The market has formed a steady demand for an asset due to its recognition as a macroeconomic tool and the growing popularity of spotto bitcoinETFExperts reported.
Earlier, Glassnode published a report according to which long -term holders of the first cryptocurrency actively sell BTC, although with less intensity than a few months ago.
Source: Bits
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