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Bitcoin Price Prediction: Short-term holders dominate BTC flows as valuation surges
Bitcoin (BTC) price broke out on Monday with upwards of 5% in gains, shattering the $57,000 level amid hype instigated by news relating to BlackRock and MicroStrategy. In a recent report, Glassnode has revealed key insights that could have a strong bearing on the market. In a February 27 newsletter, on-chain market intelligence firm Glassnode indicated that the risk appetite among Bitcoin investors has increased, citing “growing signs of speculation appearing across capital flows, exchange activity, derivatives leverage, and even institutional demand.” The highlight of the Glassnode report was on capital inflows ... (full story)