Bitcoin at $25,000: Market optimism triggers return of ‘buy the dip?’

📆 21/02/2023 23:35:00
📰 CryptoAmb

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BTC’s price briefly touched the $25,000 price mark last week for the first time since June 2022. On-chain activity suggested that investors anticipate that prices will rally past that point soon. Amid tightening regulatory oversight, and negative investors’ sentiment, Bitcoin’s [BTC] price momentarily traded above the $25,000 price mark last week. While this represented a […]

BTC’s price briefly touched the $25,000 price mark last week for the first time since June 2022.Amid tightening regulatory oversight, and negative investors’ sentiment,While this represented a new price action for the king coin for the first time since mid-June 2022, Glassnode, in a new

Glassnode assessed BTC’s Short-term Holder Dormancy metric on a 30-day moving average and found that in the current market, short-term holders “are spending coins with a more extended holding period.” According to the report:

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