In this week's Glassnode Clips, we analyse Bitcoin's Quarterly, Monthly and Weekly Price Performance:
- Simultaneous gains exceeding 20% in quarterly, monthly, and weekly performance metrics are rare, typically marking euphoric market stages observed in significant uptrends like 2019 and 2021.
- Recent days with all three metrics surpassing the 20% gain threshold suggest the market is entering a euphoric phase, especially as it approaches previous all-time highs.
- Surpassing all-time highs usually attracts widespread attention, potentially expanding the investor base, especially with new factors like ETFs influencing the market.
Discover more in the latest Glassnode Clips below 👇
https://www.youtube.com/watch?v=GXmBvPTi3Cs
Post #844
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