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Bitcoin Price Is Fragile, But On-Chain Data Hints At New Buildup By Cointelegraph

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Bitcoin price is fragile, but on-chain data points to a new buildup

The cryptocurrency market sell-off on May 19 saw a $ 1.2 trillion value wiped from total market capitalization as the foam and excessive leverage of the over-the-top markets were quickly removed.

But similar to a forest fire, the destructive power of which is essential to the rejuvenation of a forest ecosystem, dramatic market shocks are a vital part of the entire life cycle of a developing market, as the excesses that have accumulated build up. they burn and knock in to set the stage for a new round of growth.

compared to the average transaction fee for Ether. Fountain: Glass node
Long-term change in the net position of the holder. Fountain: Glass node
Liquid and highly liquid Bitcoin supply. Fountain: Glass node