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You are at:Home ยป Glassnode Forecasts Possible Decline in Bitcoin Price
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Glassnode Forecasts Possible Decline in Bitcoin Price

By adminMay. 26, 2024No Comments1 Min Read
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Glassnode Forecasts Possible Decline in Bitcoin Price
Glassnode Forecasts Possible Decline in Bitcoin Price
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In bullish market cycles, when market inflation falls below nominal inflation, it suggests that long-term investors are actively accumulating assets. This situation has the potential to drive up the price of Bitcoin. Conversely, if market inflation surpasses nominal interest, it could create significant selling pressure from investors, potentially leading to a noteworthy decline in BTC. As of the time of writing, this metric has formed the second model, with Bitcoin’s current trading price standing at $69,164. This reflects a 2.98% increase over the past week. Stay up to date with the latest financial and business news by visiting COINTURK FINANCE.

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