Glassnode analyst: BTC breaking through a new ATH value historically represents a transition point from "enthusiastic bull" to "excited bull"

05/21 00:46

Wechat scan to share

Glassnode, a blockchain data analysis company, analyst Checkmatey stated in a post that the breakthrough of Bitcoin's new ATH value represents a transition from a "passionate bull" to an "excited bull" in history. This also coincides with the MVRV ratio exceeding one standard deviation, but we rarely break it on the first attempt.

Comments

All Comments

There are no comments yet, why not be the first?

Recommended for you

BRAYDEN LINDREA · 03/26 05:53

North Carolina bills would add crypto to state’s retirement system

North Carolina lawmakers have introduced twin bills in the House and Senate which could see up to 5% of crypto assets allocated to state retirement funds.
Cheyenne Ligon · 03/26 05:21

SEC’s Crypto Task Force Will Host 4 More Industry Roundtables

The roundtable discussions will include conversations on tokenization, DeFi and crypto custody.
Stephen Moore · 03/26 05:19

Crypto influencer Ben ‘Bitboy’ Armstrong arrested in Florida

The influencer claimed on March 21 that he had a warrant for his arrest over emails to a judge.
Turner Wright · 03/26 05:16

Ripple will drop cross-appeal in SEC case, get refund from lower court ruling

Ripple chief legal officer Stuart Alderoty said the firm had agreed to drop its cross-appeal with the SEC and will be refunded roughly $75 million from an August 2024 judgment.
cointelegraph · 03/26 05:14

Bitcoin holds gains amid rising BTC ETF net flows, Coinbase premium and Trump tariff rollback

Bitcoin’s renewed strength is driven by “alignment of both structural and narrative factors.”
Will · 03/26 03:42

FalconX Said to Have Suffered Wave of Senior Staff Departures, Including General Counsel, European Head

A total of 10-15 people have left the business recently, two sources said.
cointelegraph · 03/26 00:32

Now Is 'Really Good Time' to Buy Bitcoin, Says Trillion Dollar Investment Manager

Global investment firm T. Rowe Price’s global technology portfolio manager, Dominic Rizzo, spoke at the Exchange conference in Las Vegas on Tuesday.
Turner Novak · 03/26 00:31

SEC nominee Atkins discloses at least $327M in assets ahead of confirmation hearing

Paul Atkins, US President Donald Trump's pick to chair the Securities and Exchange Commission, is scheduled to appear before the Senate Banking Committee on March 27.
Jamie Redman · 03/25 10:18

BlackRock to List Bitcoin ETP in Europe in First Crypto Foray Outside U.S.

BlackRock's IBIT is by far the largest of the 12 spot bitcoin ETFs listed in the U.S., with net assets of over $50 billion.
Shaurya Malwa · 03/25 10:13

Dogecoin Surges 7% as Bitcoin, XRP See Brief Rally on Hopes of Trade War Easing

PLUS: AI tokens remained stable despite a prominent technology backer saying investments in the sector are occurring “ahead of demand.”