In its week on-chain report this week, analytics provider Glassnode has delved into the spending habits of holders and investors.
It stated that the week had seen some minor profit realization on-chain by long-term holders, “although so far it does not appear to be of significant coin volume to put the brakes on.”
The report added that the key level to break is $53K for Bitcoin to return to the “12-zero’s club” – meaning a trillion-dollar market capitalization.
