Glassnode On-Chain Data: Distribution or Accumulation? 📊

Glassnode's latest data suggests we might be witnessing another round of distribution in the crypto markets. Meanwhile, the Nasdaq keeps seeing continuous net inflows daily, painting a stark contrast to the #crypto exchanges, which are seemingly dumping assets.

With interest rate cuts just starting, the market dynamics could shift significantly in the coming weeks. Will this lead to a #bullish run or further consolidation? đŸ’č

Keep an eye on these trends as they unfold. The interplay between traditional finance and crypto could offer intriguing insights or opportunities. Remember, the market could react in unexpected ways.