Bitcoin just hit a three-week high. Glassnode says most of its own metrics don't agree yet.


Analysts pointed to falling spot and futures trading volumes and low blockchain activity as reasons the rally hasn't been confirmed by the data underneath it.
That combination, price rising while actual usage stays quiet, tends to show up either right before a real trend change or right before a fade back to where things started. The metrics alone can't tell you which one this is.
Good reminder that price and on-chain activity are two different stories, and they don't always align.
BTC-1.73%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned