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Bitcoin price ‘storm’ warning

Storm clouds are approaching, and it could be up to a “resilient cohort of hodlers” to see them off, according to a new report from on-chain analysis firm Glassnode.

“On-chain supply dynamics are remarkably stable, a likely indication that investors are prepared to ride out whatever storm lies ahead,” the report states.

“Overall, this speaks to the continuing maturation of the Bitcoin market, as liquidity deepens, and more comprehensive risk management instruments become available. This differs greatly in comparison to historical Bitcoin market cycles where de-risking was possible only by the sale of coins in spot markets.”