📢 Attention crypto-investors! Despite the recent decline in Bitcoin (BTC), which is now trading 20% ​​below its all-time high, Glassnode analysts suggest it is gearing up for a “bigger move” in the near future. 🚀

Despite the price correction, the MVRV indicator shows that a large proportion of Bitcoin investors are still making profits. According to Glassnode, Bitcoin's accumulation between $60,000 and $70,000 since March has led to widespread indecision and a market that has failed to establish a solid trend in either direction.

Glassnode also notes that $50,000 is a key price level for Bitcoin to stay above “if the macro bull market is expected to continue.”

On the other hand, the compression of volatility, which has been observed in recent months, is usually followed by a significant market movement, either up or down.

What do you think of this data? Do you think Bitcoin is about to make a big move? Share your thoughts in the comments! 💬#Bitcoin#CriptoNews