Bitcoin Vulnerable to Rising Leverage Despite Short-Term Optimism

ADS



“During corrections, declining ASOL is a signal that investor confidence is improving, and fewer coins are spent,” blockchain data firm Glassnode tweeted on Wednesday. A confirmed trough in the ASOL indicator could point to a short-term market bottom similar to what occurred in July and October.



Source link Coin Desk

ADS

Be the first to comment

Leave a Reply

Your email address will not be published.


*