- Bitcoin’s blistering price rally has slowed in Q2 2023.
- Glassnode data suggests that the asset’s price is at a turning point.
- Analysts have weighed in on the asset’s price.
After leading an impressive price rally in Q1 2023, Bitcoin has slowed its roll in Q2, with its price ranging for several weeks amid bouts of downward volatility.
However, in a tweet on Thursday, June 1, blockchain analytics platform Glassnode suggested that the asset could be at an inflection point, highlighting a transfer of funds from long-term holders to new ones.
Glassnode based its…
