Bitcoin On-Chain Data Shows Stress Similar to Early 2022, Warns Glassnode

On-chain analytics firm Glassnode reports mounting stress within the Bitcoin network, drawing parallels to market conditions seen in early 2022. Key metrics indicate increased selling pressure from long-term holders and a decline in network profitability, signaling potential volatility. Analysts are closely monitoring these blockchain signals as they often precede significant price movements. The current data suggests a cautious market phase, with investors advised to watch for shifts in holder behavior and macroeconomic factors.