Technicals Suggest BTC’s Price Likely To Drop In Next 24-48 Hours
Glassnode revealed on Twitter that the number of BTC addresses holding 1K+ coins has reached a new 1-month low. In addition to this, the BTC supply last active for 5+ years reached a new ATH. At press time, BTC was trading hands at $25,789.45 following a slight 0.20% price climb. Glassnode Alerts, an on-chain analytics platform took to Twitter this morning to share that investors have decreased the amount of Bitcoin (BTC) that they hold following the rough week in the crypto market last week. According to the post, the number of BTC addresses holding 1K+ coins has reached a 1-month low. BTC number of addresses holding 1K+ coins (Source: Glassnode Alerts) The Analysis platform also revealed in a separate tweet that the BTC supply last active for 5+ years reached a new all-time high (ATH) of 28.929%. The previous ATH was recorded on 10 June of 2023, and stood at $28.926%. Despite the choppy waters in the crypto market, BTC was still able to record a sli...