Bitcoin

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<ul class="news-points">
 <li><strong>Investor speculation around Bitcoin is rising amid increase in inflows and institutional demand worldwide.</strong></li>
 <li><strong>Onchain metrics reveal a shift towards speculation in short-term holders depositing billions daily.</strong></li>
 <li><strong>Bitcoin derivatives markets show similar sentiments, with futures and options open interest nearing all-time highs.</strong></li>
</ul>
<p>This week’s newsletter from Glassnode <a href="https://insights.glassnode.com/the-week-onchain-week-09-2024/" target="_blank" rel="noopener noreferrer nofollow">revealed</a> that Bitcoin speculation is reaching new heights. Investors are witnessing a surge in speculative activity driven by increasing capital flows, derivatives leverage, and institutional interest.</p>
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/EJjSVPVx6khDjCYTuz5Jy_O3hwR3sn4luLTsXpcpCRN7xVZ52u4MXrr9jUWd4zy7piT7U6YIqKx6EGIj3F6UuZQ5n8XXT9BZjiKrFwSnYJMtIsE-Zm6x0kI5uw1zXsEF76HNxGkJvPWe5K8Z5ojLim8" alt="" style="width: 100%;height:auto">
  <figcaption class="wp-element-caption"><a href="https://studio.glassnode.com/metrics?a=BTC&amp;m=market.MarketcapRealizedUsd&amp;resolution=24h&amp;utm_source=gn_insights&amp;utm_medium=insights_woc&amp;utm_campaign=woc_09_2023" target="_blank" rel="noopener noreferrer nofollow"><em>Source: Glassnode</em></a>
  </figcaption>
 </figure>
</div>
<p><a href="https://coinedition.com/bitcoin-btc-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin’s price</a> was hovering around $52000 through the week, and it has managed to retain the majority of its gains since mid-February. The report also showed that this resilience was supported by a significant increase in the realized capital, which climbed by over $30 billion year-to-date to $460 billion. With an average unrealized profit of +120% per coin, investors found themselves in a decent position compared to the early stages of previous bull markets.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="598" height="356" src="https://coinedition.com/wp-content/uploads/2024/02/Glassnode-1.png" alt="" class="wp-image-378300" srcset="https://coinedition.com/wp-content/uploads/2024/02/Glassnode-1.png 598w, https://coinedition.com/wp-content/uploads/2024/02/Glassnode-1-300x179.png 300w, https://coinedition.com/wp-content/uploads/2024/02/Glassnode-1-380x226.png 380w, https://coinedition.com/wp-content/uploads/2024/02/Glassnode-1-150x89.png 150w, https://coinedition.com/wp-content/uploads/2024/02/Glassnode-1-415x247.png 415w, https://coinedition.com/wp-content/uploads/2024/02/Glassnode-1-403x240.png 403w, https://coinedition.com/wp-content/uploads/2024/02/Glassnode-1-277x165.png 277w, https://coinedition.com/wp-content/uploads/2024/02/Glassnode-1-354x211.png 354w, https://coinedition.com/wp-content/uploads/2024/02/Glassnode-1-118x70.png 118w, https://coinedition.com/wp-content/uploads/2024/02/Glassnode-1-126x75.png 126w" sizes="(max-width: 598px) 100vw, 598px">
  <figcaption class="wp-element-caption"><em>Source: <a href="https://studio.glassnode.com/workbench/cc2701e8-b9f4-4508-4d71-af5a71c00683?&amp;utm_source=gn_insights&amp;utm_medium=insights_woc&amp;utm_campaign=woc_09_2023" target="_blank" rel="noopener noreferrer nofollow">Glassnode</a></em>
  </figcaption>
 </figure>
</div>
<p>Looking into onchain metrics, a shift towards speculation has emerged, particularly among short-term holde…</p>
<p>The post <a href="https://coinedition.com/onchain-insights-reveal-increasing-speculation-around-bitcoin/" rel="noopener noreferrer nofollow">Onchain Insights Reveal Increasing Speculation Around Bitcoin</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Onchain Insights Reveal Increasing Speculation Around Bitcoin

Coin Edition

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