Glassnode’s analysis reveals a significant shift of Bitcoin from long-term holders to speculative traders, as the market approaches a euphoric peak.
The rise in leveraged futures positions and a notable increase in young coins signal a vibrant, speculative market phase, aligning with historical Bitcoin cycles.
In a compelling report by Glassnode, an analytics firm specializing in blockchain data, a notable shift in Bitcoin ownership is underway. As the cryptocurrency carves out new all-time highs, we’re witnessing a pronounced transfer of wealth from seasoned Bitcoin holders to a new wave of speculators keen to capitalize on the prevailing bullish trend.
Recent insights from Glassnode reveal Bitcoin’s surge past the $72,000 mark, setting a new benchmark in its fourth major cycle. This rally has propelled market sentiment dangerously close to euphoria. A hallmark of this phase is the redistribution of Bitcoin from the steadfast “HODLer” community to more opportunistic, specula

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