Glassnode: Currently long-term Bitcoin holders will have a greater impact on its supply dynamics
Glassnode analyst Marcin Miłosierny said that the purchasing power of Bitcoin ETFs will overwhelm the traditional supply tightening effect expected by Bitcoin halving. The momentum caused by ETFs requires traders to react, and Bitcoin traders need to balance the historical impact of halvings and The impact of contemporary ETFs on BTC supply and price in the upcoming cycle.
Taking into account recent developments, Miłosierny believes that Bitcoin is entering a stage where long-term holders will have a greater influence on BTC supply dynamics, and he believes that traders should monitor long-term holder market inflation rates to accurately predict the market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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