On-chain analytics firm Glassnode has reiterated the current weakness in Bitcoin’s price action, noting that there is less demand for the leading crypto now compared to after the $LUNA crash in 2022. This indicates that another Bitcoin crash may be on the cards, with a potential drop below the psychological $60,000 level likely to trigger massive liquidations.
Bitcoin Shows Greater Weakness Than Post-LUNA Crash; Is a Crash Below $60K Next?
