“Sellers Have No Ammo”: Glassnode Co-Founders Predict Imminent BTC Move
- Glassnode’s co-founders say Bitcoin’s next trend will be driven by global M2 liquidity.
- The market is currently in a stalemate as both buyers and sellers remain inactive.
- Analysts predict a key shift in M2 money supply is expected to begin in about four days.
While many factors can influence Bitcoin’s price, analysts Yann Allemann and Jan Happel, the co-founders of Glassnode, believe one particular metric will likely determine its next major trend and that is global liquidity.
They argued via their X account, Negentropic, that only a shift in money supply can break the current deadlock in the market.
Why Bitcoin is currently in a stalemate
According to the analysts, Bitcoin has slowed down after its latest price rally and has not broken down. They noted that BTC sellers have no “ammo,” a…
The post “Sellers Have No Ammo”: Glassnode Co-Founders Predict Imminent BTC Move appeared first on Coin Edition.
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Bitcoin's Volatility Disappears to Levels Not Seen Since October 2023
“Sellers Have No Ammo”: Glassnode Co-Founders Predict Imminent BTC Move
- Glassnode’s co-founders say Bitcoin’s next trend will be driven by global M2 liquidity.
- The market is currently in a stalemate as both buyers and sellers remain inactive.
- Analysts predict a key shift in M2 money supply is expected to begin in about four days.
While many factors can influence Bitcoin’s price, analysts Yann Allemann and Jan Happel, the co-founders of Glassnode, believe one particular metric will likely determine its next major trend and that is global liquidity.
They argued via their X account, Negentropic, that only a shift in money supply can break the current deadlock in the market.
Why Bitcoin is currently in a stalemate
According to the analysts, Bitcoin has slowed down after its latest price rally and has not broken down. They noted that BTC sellers have no “ammo,” a…
The post “Sellers Have No Ammo”: Glassnode Co-Founders Predict Imminent BTC Move appeared first on Coin Edition.
Read More