Key dealers
- More than 95% of Bitcoin’s circulating range currently has profit after the price exceeded $ 117,000, according to Glassnode.
- The market experiences an extended euphorifase, characterized by widespread profitability among holders and increased volatility.
Glassnode reported that over 95% of Bitcoin’s circulating range is now profitable as the flagship Cryptocurrency exceeded $ 117,000. The analysis company on the chain highlighted this milestone in the middle of Bitcoin’s expanded euphorifase, which was characterized by widespread holders profitability and increased market vollatility.
Analysts have noted that Bitcoin’s high levels of profitability often precede periods with increased pressure on the sales side, in line with historical distribution patterns during the highest haisse feeling. Cryptocurrency Latest price consolidation bands have become contact points for potential returns, with important resistance levels that affect short-term hausse restores.
