Glassnode Reveals Thinning Support for Bitcoin as Buy
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ChainCatcher reports that on-chain analytics firm Glassnode has published an article pointing out that Bitcoin's native support has begun to disappear. The large buy orders that accumulated below the price in June have started to dissipate, and the remaining support is noticeably thinner, forming a more fragile bottom structure. Glassnode stated that it closely monitors this indicator in its weekly updates, showing that market liquidity and buyi…
Glassnode Reveals Thinning Support for Bitcoin as Buy
Bitcoin is facing significant pressure as support levels begin to thin, according to insights shared by the CryptoTwitter commentator @glassnode. The once robust wall of buy orders that formed below the price in June is now dissipating, leaving a weaker foundational support. This shift raises...
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