While the USD valuation of bitcoin is far from its all-time high (ATH) levels registered in November 2021, the primary cryptocurrency reached a peak in terms of percent supply last active over three years ago
As revealed by Glassnode, the figure has recently surged above 40%. The percentage has been on the rise since the prolonged bear market began at the start of 2022
📈 #Bitcoin $BTC Percent Supply Last Active 3+ Years just reached an ATH of 40.677%
View metric: pic.twitter.com/TesXQDyXSq
— glassnode s (@glassnodes) September 17, 2023
The newly established peak could signal that some Bitcoin investors defy the ongoing unfavorable digital asset market conditions and declining prices, standing as solid HODLers.
According to numerous analysts and experts, the crypto winter might be near its end, meaning that bulls could enjoy a fresh rally in the foreseeable future.
Glassnode’s co-founder recently predicted that BTC is heading towards the short-term goal of $30,000, while others have laid out much more optimistic forecasts
Robert Kiyosaki(the author of the best-seller Rich Dad, Poor Dad),Adam Back(CEO of Blockstream),Tom Lee(Managing Partner at Fundstrat), and Anthony Scaramucci (former White House official) are among those envisioning that the price of the primary cryptocurrency will sooner or later surpass $100,000.
Analysts of Pantera Capital have also been bullish, predictingthat BTC could blast to almost $150K in the next year, ed by thehalvingscheduled for next spring
Esta página puede contener contenido de terceros, que se proporciona únicamente con fines informativos (sin garantías ni declaraciones) y no debe considerarse como un respaldo por parte de Gate a las opiniones expresadas ni como asesoramiento financiero o profesional. Consulte el Descargo de responsabilidad para obtener más detalles.
Bitcoin (BTC) Taps a New ATH But It_s Not What You Think
While the USD valuation of bitcoin is far from its all-time high (ATH) levels registered in November 2021, the primary cryptocurrency reached a peak in terms of percent supply last active over three years ago
As revealed by Glassnode, the figure has recently surged above 40%. The percentage has been on the rise since the prolonged bear market began at the start of 2022
The newly established peak could signal that some Bitcoin investors defy the ongoing unfavorable digital asset market conditions and declining prices, standing as solid HODLers.
According to numerous analysts and experts, the crypto winter might be near its end, meaning that bulls could enjoy a fresh rally in the foreseeable future.
Glassnode’s co-founder recently predicted that BTC is heading towards the short-term goal of $30,000, while others have laid out much more optimistic forecasts
Robert Kiyosaki(the author of the best-seller Rich Dad, Poor Dad),Adam Back(CEO of Blockstream),Tom Lee(Managing Partner at Fundstrat), and Anthony Scaramucci (former White House official) are among those envisioning that the price of the primary cryptocurrency will sooner or later surpass $100,000.
Analysts of Pantera Capital have also been bullish, predictingthat BTC could blast to almost $150K in the next year, ed by thehalvingscheduled for next spring