Bitcoin Stakeholders With Over $1,490,000,000 in BTC at High Capitulation Risk, Warns Analytics Firm Glassnode

Leading analytics firm Glassnode warns that a certain group of Bitcoin holders that collectively own nearly $1.5 billion worth of BTC is in danger of capitulating. Glassnode says that Bitcoin’s hash rate, which measures the processing power of the king crypto’s network, is at an all-time high. While a higher hash rate indicates an increasingly robust network that is more secure against an attacker, Glassnode says that a surge in network hash power puts BTC miners in a financially precarious situation. “Bitcoin Difficulty has adjusted to a new all-time high due to a rapid increase in network hash power. This