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The Week Onchain (Week 41, 2021)

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The Bitcoin market has continued to show strength this week, with prices trading within a tight consolidation range, with a low at $53,657, and a high of $56,250. Following an impressive rally from the September lows, the market has managed to hold onto the gains whilst on-chain activity has commenced a welcome climb higher.

This week we analyse the increased leveraged creeping into derivatives markets, the impressive growth of long-term holder supply, and the recent elevation of on-chain activity. Across many facets of the Bitcoin market, signals continue to paint a constructive view for prices, and market sentiment remains positive.

The Week Onchain (Week 41, 2021) Blockchain PlatoBlockchain Data Intelligence | Vertical Search AI

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Source: https://insights.glassnode.com/the-week-onchain-week-41-2021/

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