Digital Coin News

Bullish Bitcoin (BTC) Driver Named by Glassnode Lead Analyst, 2017 Is Closest Comparison

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Bullish on Bitcoin: glassnode lead analyst shares his take. $BTC

that can be compared to 2017, when the flagship cryptocurrency, for the first time, soared to the $20,000 level.@_Checkmatey_ tweeted that"shrimps" have been stacking Satoshis recently at the rate of 33,800 BTC per month, while miners are issuing roughly 27,000 BTC monthly now. Therefore, as soon as each new BTC is issued, 1.25 BTC gets taken off the market by these shrimp-class investors.

Now, he says, shrimps are stacking Sats "harder, faster, and in a more sustained manner," despite all the market turbulence.The last time the little guy stacked this hard was 2017 ATH, buying the top. Five years later, they are stacking harder, faster, and in a more sustained manner, despite all the bullshit.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to Fresh 1-Year High Above $31,000 – Bitcoin NewsBitcoin moved back above the $31,000 level on July 4th, as U.S. traders celebrated the Independence Day holiday.
Source: BTCTN - 🏆 531. / 51 Read more »

Giant Whales Bet Big on Ethereum (ETH) & Bitcoin (BTC), Sparking Market OptimismBitcoin $BTC and Ethereum $ETH primed for second half rally as whales' bets indicate bitcoin btc btcusdt ethereum eth ethusdt
Source: Utoday_en - 🏆 295. / 63 Read more »

These Small BTC Whales Continue to Buy Bitcoin Aggressively: ReportRecently published report shows that small-sized whales are monthly grabbing massive amounts of Bitcoin
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin traders torn between breakout and $28K dip as BTC price stallsBitcoin traders are split over direction as BTC price moves trend sideways.
Source: Cointelegraph - 🏆 562. / 51 Read more »

BlackRock Re-Files for Bitcoin Spot ETF as BTC Price Approaches 2023 HighBlackRock has refiled for a Bitcoin spot exchange-traded fund (ETF), raising the stakes in the race among financial giants
Source: Utoday_en - 🏆 295. / 63 Read more »