, the short-term holder realized price was $21,742, while the long-term holder’s realized price for the king coin was $21,334.When the short-term holder realized price of BTC exceeds the long-term holder’s realized price, it means that the average profit of people who have recently bought BTC is higher than the average profit of people who have held the leading coin for a longer period .
BTC’s historical performance revealed that this had marked the BTC’s transition from a bear market to a bull market three times.assessed BTC’s Spent Output Profit Ratio and found that the metric sat at a low similar to that which it registered in November 2022.“It is worth noting that whenever the SOPR reaches a very low level, the bitcoin price starts to rise again.
, as of this writing, BTC’s weighted sentiment was positive at 0.901. When a coin’s weighted sentiment is positive, it often indicates the presence of bullish sentiment in the market, which attracted investors and drove up demand for the coin. It was, however, pertinent to note that BTC’s weighted sentiment was on a steep decline since 12 March. Moreover, as profit-taking intensified in the last month, the coin’s weighted sentiment dropped by 87% in the last three weeks.With many still waiting for BTC to claim the $30,000 price mark, the Open Positions count has increased by 31% in the past 20 days, per data from
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