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Bitcoin’s on-chain analytics signal a long-term crypto bull run: exec

Cryptocurrency

Cryptocurrency / Cryptocurrency 9 Views comments

Bitcoin and the rest of the crypto market have struggled over recent weeks. After an attempt at breaking the crucial resistance of $10,500, BTC failed, undergoing a retracement that dragged altcoins lower.

Some see this retracement as a precursor to an even further drop. Yet according to an executive of Glassnode, a massive crypto bull run is on the horizon as Bitcoin turns fundamentally positive.

Bitcoin is on the verge of a massive bull run: on-chain data

Rafael Schultze-Kraft, the CTO of blockchain analytics firm Glassnode, released an extensive thread on Jun. 26 outlining 12 signals indicating increasing Bitcoin investor confidence.

The take-away: BTC is “long-term extremely bullish.”

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