The last bitcoin that shows “durability”, according to Glassnode – here is what the analytical company means
The scales indicate that the continuous Bitcoin (BTC) appears solid, according to Crypto Analytics Glassnode.
Company Notes On the X social media platform in which the “first buyers and the buyer of momentum” continues to show strong participation, while the profit applicants only offer a moderate level of activity.
“This is a building, because it indicates the continuous demand from the new participants and the follow -up direction without pressure a large distribution, and support for the duration of the last gathering.”
Glassnode also Notes The exchange funds on the stock exchange in the United States (ETFS) recorded a clear flow of 31323 BTC at a value of $ 2.9 billion last week, and it represented the fifth largest weekly flow in BTC and the third largest value in dollars.
The company says that the flow highlights “renewed institutional participation with bitcoin, even at high price levels.”
Bitcoin is trading at $ 95,370 at the time of this report. The highest classified encryption assets have increased by the maximum market by approximately 1.5 % over the past 24 hours.
In terms of ethereum (ETH), Glassnode Notes The second largest encryption asset by the market shows “the first height of meaning” in the first buyers since February.
“However, profit applicants have become more active, providing a context for the last material in the eTH prices.”
ETH is trading at $ 1827 at the time of this report, and more than 3 % have risen in the past 24 hours.
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