News Explorer — Glassnode Reports High Demand for Bitcoin at the Current Price, With Major Moves Last Observed at $30,200

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Glassnode Reports High Demand for Bitcoin at the Current Price, With Major Moves Last Observed at $30,200

Glassnode data shows that a record amount of BTC changed hands near the current spot price, indicating significant demand for Bitcoin. The data also reveals that a large portion of the total BTC supply last moved at a price of 30,200, surpassing the movement at the 2022 post-FTX bottom. Additionally, Glassnode’s Hodled or Lost Coins metric indicates that old BTC holders are uninterested in selling their stake, with a record high of 7.77 million BTC being classified as hodled or lost.

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