glassnode: The market is cooling down from an overheated speculative state, while still maintaining its structural characteristics
Foresight News reported that glassnode tweeted, "Bitcoin has stabilized above the 135-day moving average, while the Young Supply MVRV has fallen back to near the 1.0 level. Overall, these signs indicate that the market is cooling down from an overheated speculative state, but still maintains structural characteristics."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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