💹💹Bitcoin's Bull Market Persists: Key Insights from Glassnode Analysis 🔥🔥

According to BlockBeats, Glassnode's analysis indicates that Bitcoin is still in the enthusiastic bull market phase. After a brief entry into the frenzy zone, Bitcoin's real market average stands at $50,000, representing the average cost basis for active investors. Maintaining this level is crucial for the continuation of the macro bull market.

Bitcoin's unrealized profit currently stands at $92,000, suggesting potential market overheating. The breakeven level for short-term holders is $64,000, with the current spot price attempting to recover to this level. Notably, only 7% of trading days have recorded a spot price lower than the -1 standard deviation band, highlighting the rarity of the current situation.

I would advise a cautious approach when investing in $BTC Always do your own research and consider the risks involved before making any investment decisions.