Glassnode said the estimate was made based on a “50% withdrawal credential update, our segmentation of depositors, and assumptions regarding investor conviction, and profitability” by using wallet behavior, period of staking and presence of liquid staking derivative products, such as Lido.
Related posts
-
Bitwise Plans ETF Merger, Aims to Launch Momentum-Based Bitcoin and Ether Fund
Asset manager Bitwise has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to... -
Bitcoin ETF outflows surpass $300m: Watch key price levels
Spot Bitcoin exchange-traded funds in the U.S. recorded outflows of over $300 million this week as... -
NFT Mania Is Back? Maybe Not, but a CryptoPunk Just Sold for a Record $56.3M
Punk 1563 changed hands for 24,000 ETH, a huge markup versus recent pricing. Source Spread the...