On July 26, analysts at Glassnode released data suggesting that the current rise in the price of bitcoin above $ 10,000 will be distinct from the last two.
The price of bitcoin touched $10,000 several times in 2020, along with the growth of the Glassnode metric called Bitcoin Days Destroyed (the value of each BTC transaction, taking into account how much time has passed since the last movement of the coins). The growth of this indicator made it possible to assume that investors are increasing sales of coins.
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“Unlike the last two times, when the price of BTC reached $ 10,000, we did not see an increase in BTC Days Destroyed,” the analysts assumed.