glassnode: Bitcoin Needs Stronger Buying Pressure to Establish Lasting Support
According to Foresight News, glassnode analysis shows that during Bitcoin’s rebound from $112,000 to $114,000, approximately 120,000 BTC were purchased. However, supply in the $110,000 to $116,000 range remains scarce, indicating that stronger buying pressure is needed to establish lasting support.
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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