1 week ago
Glassnode Flags Renewed Institutional Bitcoin Demand
TLDR Bitcoin climbed above $74,000 as spot ETF inflows began to stabilize after recent declines. Glassnode reported early signs that institutions have started reaccumulating Bitcoin following the sell-off. The firm stated that easing distribution pressure aligns with the recent recovery in price. ETF flow data showed a correlation between steadier inflows and Bitcoin’s upward movement. [...]
The post Glassnode Flags Renewed Institutional Bitcoin Demand appeared first on Blockonomi.
Source: Blockonomi →Related News
- 34 minutes ago
Bitcoin Coinbase Premium Turns Positive After 10 Weeks – Is US Demand Finally Re...
- 2 hours ago
Is Bitcoin Price Bottom In? MVRV Z-Score Says ‘Not Yet’
- 3 hours ago
Market Preview: Federal Reserve Meeting, Oil Surge Past $100, and Micron (MU) Ea...
- 5 hours ago
Crypto Leaders Push Back After Boris Johnson Calls Bitcoin a Ponzi
- 7 hours ago
Bitcoin Historical Data Suggests New ATH Is Years Away – Analyst
