🚀 Bitcoin rallies to $66,000, setting a new high since $73,835 in March! Despite BTC's drop below $60,000 this week, Glassnode says the market may be "shifting phases". 📈

- BTC rallied 26.5% from $52,550 (September 6) to $66,508 (September 27), consistent with previous cycles.

- Glassnode: "This price action suggests the downtrend may be shifting phases."

🔍 Onchain analysis:

- Number of coins becoming long-term holders (LTH) increases.

- LTH supply/short-term holders ratio hits highest since June 2021.

- HODLing remains the dominant behavior of BTC investors.

📊 LTH positions increase, bullish signal. When long-term investors accumulate, it usually signals confidence in BTC's growth potential.

- BTC buy volume near $73,835 peak is maturing past 155-day threshold.

- LTH holds BTC at unrealized loss increases, but financial pressure is small.

📈 STH MVRV improves significantly, more than 62% of STH supply is now profitable, bringing relief to recent buyers.

- Percentage of supply in profit is near long-term average, a notable recovery.

Glassnode concludes: BTC investors are in a better position and more profitable than a few weeks ago, "this is an exciting time" for BTC.

💬 What do you think about the future of BTC? Share your opinion!#Bitcoin#Crypto #Blockchain