The Bitcoin Rally remains “strong” where the BTC scale reaches the highest historical levels ever, according to Glassnode
Another rally sends Bitcoin (BTC) to the highest level ever at all times, with one major main scale of unprecedented levels, according to Glassnode Digital Asset Analytics.
Glassnode He says The Bitcoin Investigators cover, which records the price in which each currency was moved last time and aims to measure the number of owners in profit or at a confusion, reaches the highest new level ever.
“The strength in the digital asset market is still strong as Bitcoin continues to unify it below its highest level ever of $ 109,000. The price increased the profitability of the vast majority of investors in the market, as many seized the opportunity to close profits. As a result, capital flows increased significantly.
Glassnode also says that Sths in the short term (STHS), those entities whose currencies held their currencies for less than 155 days have been sold with huge profits last month, while Bitcoin accommodates the pressure pressure.
“For the short -term holders, the improvement in the values of their wallets has been translated directly into a noticeable increase in spending activity, as the regiment has achieved more than $ 11.4 billion of profit during the past month.”
Glassnode Reports On the X social media platform that has since decreased to the lowest local level of about $ 74,000 in early April, the market value increased to the achieved value scale (MVRV)-which measures market morale and evaluating encrypted assets-both Sths and LTHS (LTHS).
MVRV is “holding” holders sitting on a more unveiled profit – which enhances confidence and reduces the pressure pressure, “according to the Analysis Company.
“Since $ 74,000:
- MVRV: 1.74 to 2.33 (+74 % to +133 %).
- Sth Mvrv: 0.82 to 1.13 (from -18 % loss to +13 % profit).
- LTH MVRV: 2.91 to 3.30 (+191 % to +230 %).
Profitability rises in all fields, which enhances confidence and support for assembly. ”
Bitcoin was ever printed on the new Wednesday, and it was briefly $ 110,000 for the first time in its history.
Since then, the highest coding assets have been listed in 109,686 dollars at the time of writing this report, an increase of 2.6 % in the past 24 hours.
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