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Glassnode Report: Key Metric Shows Bitcoin May Be Ready For ‘Interesting Moment’

  • Bitcoin recently hit a higher high at the US$66k mark, indicating potential trend reversal after continuous declines.
  • Historical analysis by Glassnode reveals similar Bitcoin price patterns from past cycles, suggesting a possible phase shift.
  • US Spot ETFs influence Bitcoin’s market dynamics significantly, holding 4.6% of the circulating supply and driving capital inflows.
  • Analysts point to exceptional institutional interest as a driver for Bitcoin's price performance and capital flow dynamics.

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