Bearish Signal: BTC Holders Selling Off Assets, Price Could Plummet to $56,200
Miami, Florida – Bitcoin holders are closely monitoring market indicators that suggest a potential shift in the cryptocurrency’s price trend. Recent data from Glassnode’s on-chain analysis has revealed that Bitcoin (BTC) may be facing a significant downward trajectory. One key metric driving this prediction is the Long Term Holders (LTH) Market Inflation Rate. This indicator assesses whether long-term holders are accumulating or distributing their Bitcoin assets, providing insight into the future direction of the cryptocurrency. …