Friday, July 1 2022

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Glassnode’s on-chain data analysis shows that (BTC) investors are hedging their risk in order to stay protected against the US Federal Reserve’s interest rate hikes in March.

Glassnode’s “The On-Chain Week” newsletter from Monday indicates that the most significant trend in Bitcoin at the moment is the flat structure of futures contracts through March. This is strongly attributed to “investor uncertainty regarding the broader economic impact of a tighter US dollar.”

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