Data: The 30-day capital flow level of cryptocurrency has returned to a positive value
It is reported that according to Glassnode data, the 30-day capital flow of cryptocurrency has returned to a positive level. In addition, the total market realized net value resumed growth for the first time since April 2022.
Interpretation of this information:
According to Glassnode data, there has been a positive change in the 30-day capital flow of cryptocurrency. This is good news for the cryptocurrency market as it signals a returning interest and investment in digital assets. After a sharp decline in the market in April 2022, the total market realized net value has resumed growth. This is the first time since the drop, and it could suggest a potential recovery in the cryptocurrency market.
The increase in capital flow means that investors are showing confidence in cryptocurrencies again, which could trigger further growth. It is an indication that investors are slowly returning to the market after a period of uncertainty. This is a positive development for the cryptocurrency market that has been facing a challenging period.
Cryptocurrency enthusiasts have always pointed out that the true value of cryptocurrency lies in its practical application. As more people adopt and invest in cryptocurrencies, the industry is expected to grow, becoming more mainstream. The Glassnode data is a sign that the industry could be headed in that direction.
Furthermore, the resumption of growth in the total market realized net value suggests a recovery by the market after the April 2022 decline. This is good news for investors as it signals that the market may have reached its bottom, and prices could start to move upwards.
In conclusion, the Glassnode data indicates that the cryptocurrency market is showing signs of recovery, as the 30-day capital flow of cryptocurrency has returned to positive levels, and the total market realized net value has resumed growth for the first time since April 2022. These are positive signs that the market could be headed towards a recovery as more people adopt and invest in cryptocurrencies.
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