On-chain data says Bitcoin price at $60k is cheap, but buyers are still nervous

Last night, Bitcoin price was trading at $59,537, down through the $60,000 level that had been the market's line in the sand and nearly $18,000 below its late-May peak of $77,623. Glassnode's on-chain data frames the move as a demand… Last night, Bitcoin price was trading at $59,537, down through the $60,000 level that had been the market's line in the sand and nearly $18,000 below its late-May peak of $77,623. Glassnode's on-chain data frames the move as a demand failure, with spot markets leading the selling, ETF investors pulling capital across six consecutive weeks […] The post On-chain data says Bitcoin price at $60k is cheap, but buyers are still nervous appeared first on CryptoSlate.