Crypto Blog
Bitcoin’s latest uptrend and surge to the $67,000 level have put many investors in the money, with the majority of addresses holding the primary cryptocurrency flashing green.from IntoTheBlock has revealed that 93% of addresses holding BTC are in profit again. Historical data from the on-chain intelligence platform shows that Bitcoin holders have reached this level of profit repeatedly over the past few months, reinforcing the belief that the market is still in its bull phase.
The increase in demand is also evident in United States spot Bitcoin exchange-traded funds , which have been on an 11-day inflow streak since July 5,Additional proof that the crypto market has been in recovery is heightened retail trading, which has been propelling weekend rallies and driving positive momentum into new weeks.
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