Crypto Express

07/23 01:08

BTC : What are the metrics shouting?

As highlighted by AMBCrypto’s analysis of IntoTheBlock data, a substantial 94.25% of BTC holders were “in the money” at press time, meaning their current holdings were valued higher than the price at which they purchased them.

Meanwhile, only 0.51% of holders were “out of the money,” or holding BTC at a loss.

This stark disparity points to a strong bullish sentiment in the market, as the majority of investors were sitting on profits and may be less inclined to sell.

It also reduces overall selling pressure, which could help support a steady price recovery or even fuel the next leg upward.

As a result, the data suggests that Bitcoin could be poised for a rebound in the near term.

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