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Glassnode: On-chain data shows BTC forming low-density accumulation zone in $110,000 to $117,000 range, potentially becoming a bottoming area
Summary: According to Glassnode, BTC's rapid rise from $110,000 to $117,000 has created an air gap or low-density accumulation zone on-chain. Since reaching a historical high of $122,600, the price has remained above this range. If this support is breached, history indicates that such gaps may still evolve into bottoming areas.
According to Glassnode, BTC's rapid rise from $110,000 to $117,000 has created an air gap or low-density accumulation zone on-chain. Since reaching a historical high of $122,600, the price has remained above this range. If this support is breached, history indicates that such gaps may still evolve into bottoming areas.
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Link: Glassnode: On-chain data shows BTC forming low-density accumulation zone in $110,000 to $117,000 range, potentially becoming a bottoming area [Copy]
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Link: Glassnode: On-chain data shows BTC forming low-density accumulation zone in $110,000 to $117,000 range, potentially becoming a bottoming area [Copy]
