Decoding Bitcoin’s Price Surge: Glassnode Reveals the Driving Forces

Bitcoin is soaring again, trading near $109,000 and hitting a staggering $2.11 trillion market cap. But what’s driving this explosive price movement? New insights from Glassnode, a leading blockchain data firm, offer a fascinating glimpse into investor behavior. Their analysis reveals how the two primary types of buyers – long-term believers and first-time investors – play distinct roles in shaping market dynamics. 💰