Glassnode Blog Post-ATH Distribution
Bitcoin continues to face persistent sell pressure, especially from recent buyers. The asset has seen weak demand and fading accumulation since January. Short-term holders are capitulating, driving STH-SOPR into loss territory, mirroring the August 2024 crash to $49k.
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Glassnode is a Switzerland-based blockchain platform that provides solutions including cryptocurrency trade tracking and data analysis for individuals and businesses.
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