Glassnode Predicts Bitcoin Market Breakout: Long-Term Holders Driving Upward Momentum

Bitcoin continues to set new records, reaching unprecedented levels with recent analysis from Glassnode signaling a potential for significant price movements. Key insights highlight a strong accumulation phase driven by long-term holders (LTHs), potentially setting the stage for a dramatic breakout in the near future. Glassnode’s data reveals two crucial signals: a sustained increase in LTH supply despite high prices, and a compressed period of Bitcoin volatility, suggesting a market poised for an explosive upward shift.