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TechFlow news, August 7: Glassnode data shows that approximately 120,000 bitcoins were purchased during the Bitcoin price rebound from $112,000 to $114,000, indicating speculative buying behavior. However, supply within the $110,000 to $116,000 range remains scarce, and analysis suggests stronger accumulation is needed to establish an effective support level.
Glassnode data shows that approximately 120,000 bitcoins were bought during the price rebound from $110,000 to $114,000, indicating speculative buying behavior. However, supply remains scarce in the $110,000 to $116,000 range, and analysis suggests stronger accumulation is needed to form an effective support level.
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