Bitcoin pulled back as traders digest regulatory developments in the U.S.
Increased institutional on-chain activities have accompanied bitcoin's latest price rally.
Bitcoin is holding up following a strong bounce from $30,000 support.
Demand indicators include the Purpose ETF experiencing a slowdown in net inflows and GBTC trading at a notable discount.
Elon Musk's tweets spur the latest drop.
Long-term bitcoin holders were unmoved during the recent correction, similar to previous turning points, according to Glassnode.
The SOPR indicator, which measures aggregate net profit/loss could signal a BTC market bottom, according to Glassnode data.
The new generation of HODLers were forged during market rallies over the past year, and show no signs of slowing down.
More bitcoin may be getting HODLed, blockchain data shows.
Blockchain data can enhance market transparency, ostensibly leveling the playing field. Here's what happens when it doesn't.
Bitcoin reached a new all-time high of $50,001.35 Tuesday morning, just days after breaking above $48,000.
Futures funding stayed flat or turned negative despite bitcoin's rally to $12,000.
The recent upward trend began in September 2019.
August 2019 was the last time this many bitcoin addresses were in profit.