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Glassnode: The Behavior of Bitcoin Investors is Changing

ByLouis Adams

Feb 22, 2023 #Bitcoin
Reading time: < 1 minute

The price of Bitcoin holds positions near the psychological level of $25,000, despite the pressure from US regulators. According to Glassnode analysts, this is due to a significant change in the behavior patterns of market participants.

The analysts of the company have noted the continued interest in the Ordinals protocol: the number of issued NFTs in the network of BTC has exceeded 100,000.

The share of Taproot-signatures, thanks to which the placement of such objects became possible, has fallen from 8.12% to 2.87%, but remains at an increased level.

Although Ordinals do not require the transfer of large amounts of BTC, as most of them use about 10,000 Satoshi (0.0001 BTC), they are a significant source of demand for the blockchain space.