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Bitcoin Consolidates but Local Bottom Still Distant, Says Glassnode
Bitcoin is currently going through a consolidation phase while still far from a bottom. As per the data from Glassnode, the prominent short-term holder trends indicate Bitcoin ($BTC) has not yet entered a local bottom. As the popular on-chain analytics platform revealed in its recent social media posts on X, Bitcoin is now in a post-ATH contraction phase. Thus, the flagship crypto asset is still going through bottom formation. In line with the exclusive market data, Bitcoin ($BTC) is reportedly moving toward the bottom amid the post-ATH contraction. The on-chain analytics firm is of the view that the post-ATH ... (full story)
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