Are Bitcoin HODLERs taking profits right now? WoC Clips
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Bitcoin has out-performed this week, rallying 35.8% against a backdrop of challenging conditions for the traditional financial and banking system. In this edition, we explore how Bitcoin appears to be shifting up a gear, and rallying out of deep bear market territory.
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Topics for Discussion:
- Historically strong weekly price out-performance for BTC.
- Healthy uptick in on-chain activity, suggesting adoption growth.
- Rallying into ‘neutral’ ground based on the MVRV Ratio.
- Recovery of SOPR across several variants.
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About:
The Glassnode video report provides a weekly analysis update of the trends, performance, and onchain metrics for Bitcoin and the crypto market.
Disclaimer:
This report does not provide any investment advice. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions.
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