Bitcoin speculators keep BTC price ‘pinned’ below $68.7K: Glassnode
Bitcoin’s weakness near range highs stems from short-term holders trying to break even on underwater BTC investments, Glassnode says.
Bitcoin (BTC) recent buyers are the latest hurdle to a breakout from a stubborn trading range in place since June.
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In the latest edition of its weekly newsletter, crypto analytics platform Glassnode highlighted the ongoing significance of Bitcoin’s speculative investor base.