Euphoria

2024

Bitcoin

<ul class="news-points"> 
 <li><strong>Glassnode’s risk assessment analysis suggests a high level of risk exists in the Bitcoin market.</strong></li> 
 <li><strong>The platform identified the risk of increased selling pressure as investors see a growing incentive to take profits.</strong></li> 
 <li><strong>Glassnode’s NUPL indicator suggests Bitcoin is in a state of Euphoria</strong></li> 
</ul> 
<p>According to <a href="https://t.me/telonews/9805" target="_blank" rel="nofollow">Santiment</a>, a cryptocurrency intelligence platform, transaction volume in Bitcoin is rising, but the number of wallets holding over zero Bitcoins is decreasing. Santiment’s deduction supports Glassnode’s risk assessment analysis, suggesting a high level of risk exists in the Bitcoin market.</p> 
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   <p lang="en" dir="ltr">In this thread, we're offering a status update on our <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> Risk Assessment Framework, a tool for discretionary traders to gauge market sentiment and underlying risk. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/UcAEDwghyg" target="_blank" rel="nofollow">pic.twitter.com/UcAEDwghyg</a></p>— glassnode (@glassnode) <a href="https://twitter.com/glassnode/status/1768332969213575281?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">March 14, 2024</a>
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<p>In a post on X, Glassnode, a leading on-chain and financial metrics platform, used several indicators to explain the current state of the Bitcoin market. According to the analytics platform, Bitcoin has signaled significant risk levels for the past 12 days. The Market Value to Realized Value (MVRV) indicator is greater than 1, similar to…</p>
<p>The post <a href="https://coinedition.com/bitcoin-drops-below-69000-amid-heightened-risk-according-to-on-chain-data/">Bitcoin Drops Below $69,000 Amid Heightened Risk, According to On-chain Data</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin Drops Below $69,000 Amid Heightened Risk, According to On-chain Data

Coin Edition

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