Bitcoin’s supply in profit shows bullish sentiment despite volatility
Summary
Bitcoin's value has risen above $44K, resulting in 91.1% of the supply being in profit, which marks the highest level since November 2021. However, a recent weekend correction suggests that there may be profit-taking in effect. The 50-day moving average is currently showing significant market trends. Further details and implications for investors can be found in CryptoSlate Alpha.
