Bitcoin Rally Stalls: Glassnode Flags Thin Liquidity and Weak Demand
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2 outlets - including Coinpedia and Coinedition - are covering this story. The post Bitcoin Price Analysis: Glassnode Flags Weak Demand Behind the Bounce appeared first on Coinpedia Fintech News Bitcoin has rebounded toward the $64,000 mark before dropping to 62K. However, blockchain analytics firm Glassnode isn’t…
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Bitcoin Price Analysis: Glassnode Flags Weak Demand Behind the Bounce
Bitcoin Rally Stalls: Glassnode Flags Thin Liquidity and Weak Demand
Glassnode’s Bitcoin Market Pulse report from July 13 states that spot buying hasn’t returned in force despite Bitcoin recovering toward $64,000. Spot trading volume has fallen by about 21.5% (from $5.2 billion to $4.1 billion), and the spot…