Glassnode’s tweet reveals insights on Bitcoin’s price correction and the supply dynamics during the dip to $25,000.
A pattern emerges when comparing supply levels in recent and previous cycles, highlighting the repetitive nature of Bitcoin’s market cycles.
The $30,000 price level acts as a critical mid-point in the recent cycle, with approximately 75% of the total supply in profit and 25% in a loss.
In a recent tweet by Glassnode, an on-chain analytics platform, intriguing insights were shared about the recent correction in Bitcoin’s price. The data highlighted the magnitude of supply acquired during the dip to $25,000, shedding light on the dynamics between supply in profit and supply in loss.
Furthermore, a peculiar pattern emerged when comparing these levels to previous cycles, adding an intriguing layer to the analysis. This article delves into the details presented in the tweet, examining the repetitive nature of Bitcoin’s market cycles and the significance of certain p
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