Bitcoin trading volume with a history of more than 1 month is at an all-time high, which is a bullish sign

 On September 12, the on-chain analyst "_Checkmate" quoted Glassnode data as saying that the Bitcoin transaction volume with a history of less than one month hit a record low, less than 7% of the supply. In other words, the Bitcoin transaction volume with a history of more than one month is at the highest level in history. HODL is very real: the old Bitcoin is not being traded, and the new Bitcoin is maturing, which is bullish. He further added that when the trading volume of the new currency hit a local low before: three-quarters of the situation occurred before the full-scale bull market; one-quarter was a rebound before the bear market in 2014. Supply dynamics is a longer-term indicator, but it reflects real market fundamentals.





评论

此博客中的热门博文

Wall Street Journal: CBDC may cause "seriously negative interest rates"

Solana NFT price of 2.1 million US dollars, breaking the previous network record