Coin Edition -
- Glassnode’s risk assessment analysis suggests a high level of risk exists in the Bitcoin market.
- The platform identified the risk of increased selling pressure as investors see a growing incentive to take profits.
- Glassnode’s NUPL indicator suggests Bitcoin is in a state of Euphoria
According to Santiment, a cryptocurrency intelligence platform, transaction volume in Bitcoin is rising, but the number of wallets holding over zero Bitcoins is decreasing. Santiment’s deduction supports Glassnode’s risk assessment analysis, suggesting a high level of risk exists in the Bitcoin market.
In this thread, we're offering a status update on our #Bitcoin Risk Assessment Framework, a tool for discretionary traders to gauge market sentiment and underlying risk.