Blockchain analytics provider Glassnode has depicted a bearish scenario for Bitcoin (BTC) as on-chain metrics suggest increased selling pressure is imminent.
In its weekly analytics report on Monday, Glassnode said that Bitcoin bulls “face a number of headwinds,” referring to increasingly bearish network data.
The researchers pointed at the general weakness in mainstream markets alongside wider geopolitical issues as the reason for the current risk-off sentiment for crypto…
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