“Sellers Have No Ammo”: Glassnode Co-Founders Predict Imminent BTC Move

• Glassnode’s co-founders say Bitcoin’s next trend will be driven by global M2 liquidity.
• The market is currently in a stalemate as both buyers and sellers remain inactive.
• Analysts predict a key shift in M2 money supply is expected to begin in about four days.

While many factors can influence Bitcoin’s price, analysts Yann Allemann and Jan Happel, the co-founders of Glassnode, believe one particular metric will likely determine its next major trend and that is global liquidity. 

They argued via their X account, Negentropic, that only a shift in money supply can break the current deadlock in the market. 

Why Bitcoin is currently in a stalemate

According to the analysts, Bitcoin has slowed down after its latest price rally and has not broken down. They noted that BTC sellers have no “ammo,” a…

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