@pazuzzu.base.eth
Bitcoin Inflow Shows Exhaustion, Crypto Four-Year Cycle May Still Hold
The latest market analysis report from glassnode pointed out that Bitcoin's capital inflow is showing signs of exhaustion, even as the price hit a new high of $124,400, demand is weakening. While this demand slowdown was happening, speculative positions surged, with open interest in major altcoin futures contracts reaching a record high of $60 billion at one point, before pulling back by $2.5 billion.
0 reply
0 recast
0 reaction