{"id":12228,"date":"2024-05-23T01:14:53","date_gmt":"2024-05-23T01:14:53","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/bitcoin-demand-has-considerably-slowed-down-glassnode-report-suggests\/"},"modified":"2024-05-23T01:16:30","modified_gmt":"2024-05-23T01:16:30","slug":"bitcoin-demand-slows-down-as-reported-by-glassnode","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/bitcoin-demand-slows-down-as-reported-by-glassnode\/","title":{"rendered":"Bitcoin Demand Slows Down as Reported by Glassnode"},"content":{"rendered":"\n

According to Glassnode, a firm specializing in on-chain analytics, the latest weekly report indicates a slowdown in the demand for Bitcoin.<\/p>\n

<\/span>Recent Behavior of Bitcoin Realized Cap<\/span><\/h2>\n

Glassnode’s latest report delves into the trends surrounding the Bitcoin Realized Cap. Realized Cap is a method of measuring Bitcoin’s value based on the last known transaction on the blockchain, assuming it represents the current value of the coin in circulation.<\/p>\n

This concept helps track the movement of capital into or out of Bitcoin, reflecting the total capital invested by users in purchasing the cryptocurrency.<\/p>\n

A chart provided by Glassnode illustrates the trend in Bitcoin Realized Cap over the past few years, showing a sharp increase during the previous rally towards a new all-time high (ATH) and a subsequent slower growth pattern reflecting the current market conditions.<\/p>\n

<\/span>Current Status of BTC Price<\/span><\/h2>\n

Bitcoin recently exceeded $71,000 but has since dipped to $70,200. The market continues to fluctuate as demand and supply factors play out.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to Glassnode, a firm specializing in on-chain analytics, the latest weekly report indicates a slowdown in the demand for Bitcoin. Recent Behavior of Bitcoin Realized Cap Glassnode’s latest report delves into the trends surrounding the Bitcoin Realized Cap. Realized Cap is a method of measuring Bitcoin’s value based on the last known transaction on […]<\/p>\n","protected":false},"author":1,"featured_media":12229,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Bitcoin Demand Slows Down as Reported by Glassnode - Bitrabo","description":"According to Glassnode, a firm specializing in on-chain analytics, the latest weekly report indicates a slowdown in the demand for Bitcoin. Recent Behavior of B"},"footnotes":""},"categories":[316],"tags":[448,4300,1412,733,1962,4301,1485],"class_list":["post-12228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-considerably","tag-demand","tag-glassnode","tag-report","tag-slowed","tag-suggests"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/12228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=12228"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/12228\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/12229"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=12228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=12228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=12228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}