On-chain metrics reveal accumulation by Bitcoin and Ethereum holders
According to Glassnode’s weekly report, hodl patterns appear bullish as a result of a structural downtrend in the sales of younger coins.
The analytics firm suggested that the pattern indicates more holding and dormancy. It also noted that coin maturity and the dynamics of supply have provided a fairly robust signal in both and .
#Bitcoin and #Ethereum have held into gains last week, despite a slow-down in on-chain activity.This week, we assess this divergence for both chains, as well as analyse what appears to be a supply squeeze in the making.Read More in The Week On-chain
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