Part 11/13:
Data from Glassnode indicates that long-term holder Bitcoin supply has decreased by nearly 900,000 coins since December 2023, likely as investors shift assets into safer ETFs amid rising fears of government intervention and structural shifts in custody strategies.
On-Chain Metrics & Pre-Halving Dynamics
Indicators suggest Bitcoin’s realized price and on-chain euphoria are at high levels, typical before halving events. Despite this, the current market shows signs of resilience, with some analysts predicting that the drastic dips seen in previous cycles may be diminishing in severity.