GrayscaleConsiders35Cryptos
Grayscale is considering adding 35 new crypto assets to its products, including tokens like AERO, DOGE, and WLD. What are your thoughts on this move? Which assets are you most excited about? đ
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Experts pls advise what should i do?? hold or close?
$SOL #MemeCoinTrending #BTCUptober #GrayscaleConsiders35Cryptos #10MTradersLeague #DoYouHoldBNB
$SOL #MemeCoinTrending #BTCUptober #GrayscaleConsiders35Cryptos #10MTradersLeague #DoYouHoldBNB
Glassnodeâs Recent Data Signals Positive Sentiment Among Bitcoin Short-Term Holders
Glassnodeâs recent analysis highlights a significant development in the Bitcoin market. Short-term holders (STHs) of Bitcoin currently show a profit-loss ratio of 1.2, meaning that they are experiencing 20% more profits than losses. This ratio has surpassed the 90-day average by over one standard deviation, a notable deviation that may signal a shift in sentiment toward optimism.
The increase in profitability among STHs could suggest growing confidence in Bitcoinâs near-term price movements. Typically, this group of investors is sensitive to price changes and responds quickly to market trends. With their current profit advantage, we may see renewed buying interest or stronger holding patterns among these participants. This development could contribute to upward price pressure on Bitcoin, particularly if it continues in the coming weeks.
This indicator, combined with other market signals, will be crucial in evaluating Bitcoinâs trajectory during this period of heightened interest.
#moonbix #MemeCoinTrending #BTCBreaks65K #GrayscaleConsiders35Cryptos #DoYouHoldBNB $BTC
Glassnodeâs recent analysis highlights a significant development in the Bitcoin market. Short-term holders (STHs) of Bitcoin currently show a profit-loss ratio of 1.2, meaning that they are experiencing 20% more profits than losses. This ratio has surpassed the 90-day average by over one standard deviation, a notable deviation that may signal a shift in sentiment toward optimism.
The increase in profitability among STHs could suggest growing confidence in Bitcoinâs near-term price movements. Typically, this group of investors is sensitive to price changes and responds quickly to market trends. With their current profit advantage, we may see renewed buying interest or stronger holding patterns among these participants. This development could contribute to upward price pressure on Bitcoin, particularly if it continues in the coming weeks.
This indicator, combined with other market signals, will be crucial in evaluating Bitcoinâs trajectory during this period of heightened interest.
#moonbix #MemeCoinTrending #BTCBreaks65K #GrayscaleConsiders35Cryptos #DoYouHoldBNB $BTC
