Short-term holders recover gains as 87% of Bitcoin’s supply now in profit
Summary
Bitcoin's value has risen to $64,000, reversing weeks of bearish performance. This increase was triggered by unexpected news and has significantly improved short-term holder (STH) profitability metrics. The percentage of Bitcoin's supply in profit has dramatically increased and STH-related ratios like NUPL have turned positive. The market's ability to sustain this bullish trend is currently uncertain.
