In this week's Glassnode Clips, we analyze Supply Cluster Heat | Glassnode
In this week's Glassnode Clips, we analyze Supply Cluster Heatmap:
- The heatmap shows older coins activate at all-time high breaks, indicating long-term holders distribute as newer coins enter the market. - All-time high breaks trigger long-term holders to shift from accumulation to distribution, marking the euphoria phase with more supply in circulation. - Long-term holder activity at all-time high breaks consistently signals key market phases, from the start of euphoria to potential peaks and turning points.
