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Glassnode: Currently, long-term Bitcoin holders will have a greater impact on its supply dynamics
2024/03/24 23:19
Glassnode analyst Marcin Miłosierny stated that the purchasing power of
Bitcoin ETFs will overshadow the traditional supply contraction effect expected from Bitcoin halving. The momentum triggered by ETFs requires traders to respond, and Bitcoin traders need to balance the historical impact of halving and the influence of contemporary ETFs on BTC supply and price in the upcoming cycle.
Considering recent developments, Miłosierny believes that Bitcoin is entering a stage where long-term holders will have a greater impact on BTC supply dynamics. He thinks traders should monitor
market inflation rates among long-term holders to accurately predict the market.
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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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