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On-chain metrics hint at a bearish outlook for Bitcoin -Breaking

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© Reuters

Glassnode, a blockchain analytics company has shown a bearish scenario as the on-chain metrics indicate that there is increased selling pressure.

In its weekly analytics report on Feb. 21, on-chain metrics firm Glassnode said that Bitcoin bulls “face a number of headwinds,” referring to increasingly bearish network data.

Active on-chain entities: Glassnode