More than just an $18,000 price tag: BTC is seeing 'massive' accumulation, says _Checkmatey_.
) hodlers are returning to profit as new data hints the BTC price has put in the “foundation” of a macro bottom.shows a large swathe of the BTC supply heading “into the black” as BTC/USD passed $18,000.in 24 hours, Bitcoin is back on bulls’ radar ahead of a crunch United States inflation data release.
The latest price uptick has seen a considerable number of bitcoins flip from unrealized loss to unrealized profit — it is now worth more than when it last moved. “Simple Bitcoin tools like Supply in Profit return massive edge for those who pay attention,” Checkmate, Glassnode’s lead on-chain analyst,“What we are looking at is a relatively small price change , but a massive 13% of all coins returning to profit. This means a foundation of massive capitulation --> accumulation.
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