As Bitcoin’s price soars past $65,000, investors and analysts alike are pondering the longevity of its latest bull run. Despite facing intermittent selling pressure, the cryptocurrency market remains abuzz with speculation and optimism.
Recent data reveals that a significant portion of Bitcoin’s supply—88.8% to be precise—is currently in profit. While this statistic suggests a strong selling pressure, it also reflects the resilience of Bitcoin amid market volatility.·
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