glassnode – Page 38

Strong Bitcoin accumulation spotted as BTC price refuses to fall below $30K

Glassnode data reveals that investors with a long-term risk outlook have started accumulating Bitcoin during its recent downtrend.

The supply shock is being unnoticed, similar to Q4 2020 before the price of Bitcoin skyrocketed, says Willy Woo.

Statistics show that the Ethereum 2.0 deposit contract has exceeded 6 million ether this week as more than $12.4 billion worth of ethereum is held

Total value locked across decentralized finance-enabled smart contracts has dipped 35% from its peak.

As Bitcoin price shows new signs of bullish momentum, data from various on-chain indicators suggest that the current sell-off is reaching an end.

Long-term Bitcoin holders remain unfazed by the recent sell-off, but there is still one alarming sign.