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Glassnode: Bitcoin investor profitability remains strong, with greater volatility coming

2024-07-03 09:34
Odaily News According to official news, Glassnode said in its weekly on-chain analysis that as the price of Bitcoin fell to the $60,000 area, many digital asset investors showed a certain degree of fear and pessimism. When market volatility stagnates and becomes quiet, investors often become numb. Nevertheless, from the perspective of the MVRV ratio, the profitability of overall investors remains very strong, maintaining an average profit multiple of 2 times, while most short-term holders are in a loss. Many volatility indicators have dropped significantly, indicating that greater volatility is coming.