Cryptocurrency exchange Bitfinex has released a report relaying its belief that the digital asset market may be in the early stages of a bull run., several dynamics like bitcoin’s ascent to the $35,000 price range and increasing institutional interest in the leading digital asset show that the market is gearing up for a bull phase.Bitcoin’s surge to the $35,000 range on October 23 was followed by a chain of mass liquidations.
Bitcoin’s move was also accompanied by short-term holders – a cohort of investors who have held BTC for less than six months –a significant amount of profits. The short-term holder Spent Output Profit Ratio surged intra-day to 1.059, the highest seen since April 11. As the metric moves above one when investors realize a profit on their holdings, the current value shows that short-term holders took the largest amount of profit since April.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Discover SpaceCatch and maximize your earnings in the next bull runSpaceCatch is an example worth giving when it comes to having the right idea at the perfect time with passionate people by your side
Fonte: Cointelegraph - 🏆 562. / 51 Leggi di più »
Quality Bitcoin Mining Stocks Offer a Good Way to Gain Exposure to the Next Bull Run: BernsteinWill Canny is CoinDesk's finance reporter.
Fonte: CoinDesk - 🏆 291. / 63 Leggi di più »