Bitcoin’s surge to yearly high marked 99.6% of its supply in profit

exchange68September 11, 2024

0 0 2 minutes read

As Bitcoin shattered ceilings with a yearly high of $64,000, investors watched in awe as nearly all of Bitcoin’s circulating supply turned profit – a rare phenomenon not seen since November 2021. Amidst this rally, a curious trend emerged. However, a deeper dive into the data reveals a provocative insight. Despite the impressive numbers, something crucial differentiates this bull run from those of the past. What pivotal detail could redefine our understanding of Bitcoin’s market strength and short-term holders’ impact? Unearth the critical analysis that might just challenge your view on Bitcoin’s ongoing rally.

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