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Category: Bitcoin Spent Output Profit Ratio

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Bitcoin Market Strength Could Be More Than It Appears, Research Shows

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Over the past two weeks, the world’s leading cryptocurrency has struggled to break definitively above the $116,000 price mark while also testing the $106,000 support. As Bitcoin consolidates around $110,000, the latest on-chain analysis suggests an exciting outlook despite the recent price struggles. Related Reading: Bitcoin And Gold Are Two Phases Of The Same Monetary […]
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Bitcoin LTH Profitability Outpaces STHs: Is A New Bullish Phase About To Commence?

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Crypto analyst with the username PelinayPA has noted a recent shift in Bitcoin traders’ profitability with potentially strong bullish implications. Notably, the premier cryptocurrency continues to trade within the $115,000 price region after earlier price gains on Thursday were followed by a correction of equal measure. Related Reading: Bitcoin Market Structure Strengthens As Cooling Z-Score […]