Glassnode's analysis uses various metrics to assess Bitcoin's market cycles. One such metric involves identifying market tops and bottoms by examining the percentage of Bitcoin supply in profit. For instance, a threshold of 95% supply in profit can help identify market tops, while a drop below 50% can signal market bottoms and potential entry points for investors
Bitcoin Frenzy Unleashed: Glassnode’s Study Shows 95% Supply in Profit.
Bitcoin has reached a new all-time high (ATH), driven by strong demand in spot markets and a wave of institutional investments, as detailed in a report from Glassnode researchers Cryptovizart and Ukuria OC.
[Source](https://news.bitcoin.com/bitcoin-frenzy-unleashed-glassnodes-study-shows-95-supply-in-profit/)
Discussion
No replies yet.