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📈Bitcoin has seen a 25% surge over the past two weeks, largely driven by the anticipation of a spot BTC ETF and its renewed status as a potential safe haven. But how can we truly measure the confidence behind this rally? Dive into our latest Chart of the Week video where we explore Glassnode's recently-developed indicator, specifically designed to gauge the confidence of new investors in Bitcoin's current price trend. Discover the insights it offers and how it can be affect your trading strategies. https://youtu.be/Y5nqImojbPA
YouTube Chart of the Week: New Investor Confidence in Trend Chart of the week provides bitesize insights into the market via different charts each week. In this edition, we turn our focus to the New Investor Trend Confidence metric.
📊 New Investor Trend Confidence chart: https://glassno.de/45HSkaw
🌐 Quantitative…