Exciting Share from Glassnode While Bitcoin Falls: Explosion Appears on the Horizon!

The latest data from Glassnode emphasizes that Bitcoin has become strange and may explode soon. 

According to the sharing of on-chain data platform Glassnode, the latest situation of Bitcoin and cryptocurrency market has become quite remarkable.

According to the post, while the average Bitcoin has already doubled in value, most short-term investors are making losses. This indicates that market dynamics have become more complex recently and different investor groups are purchasing with different styles.

Glassnode also said that various volatility metrics are also largely stuck, indicating that a larger move is on the horizon. These types of volatility squeezes often occur during market calm periods and can represent a lull before a boom.

According to CoinGecko data, Bitcoin is trading at $60,080 at the time of writing.