Bitcoin Recovery Lacks One Key Ingredient, Glassnode Warns

Source: News BTC

Bitcoin Recovery Lacks One Key Ingredient, Glassnode Warns
Bitcoin has clawed its way back toward $70,000 after a sharp slide to roughly $67,000, but Glassnode says the rebound still lacks the kind of demand profile needed to turn stabilization into a more durable recovery. In its latest weekly report from March 25, titled Awaiting Liquidity, the on-chain a