Bitcoin's rise above $44K led to 91.1% supply in profit, a peak since Nov 2021. However, a weekend correction hinted profit-taking. The 50-day moving average reveals key market trends, but what are the implications for investors? Find out more in CryptoSlate Alpha...
Bitcoin's supply in profit shows bullish sentiment despite volatility
12/11/2023 23:30
Despite a weekend retreat in price, Bitcoin supply in profit holds strong above the 50-day moving average.
Bitcoin’s supply in profit shows bullish sentiment despite volatility 46 seconds ago · 2 min read
Bitcoin's supply in profit reflects sustained market optimism, staying robust above the 50-day moving average despite recent corrections.
2 min read
Updated: December 11, 2023 at 4:26 pm
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.