According to BlockBeats, on July 3, the encrypted data analysis platform glassnode published an article stating that “as the price of Bitcoin fell to the $60,000 area, many digital asset investors showed a certain degree of fear and pessimism. When market volatility stagnates and becomes quiet, investors often become indifferent.
The Bitcoin market is in an interesting position right now, profitability for investors overall remains very strong from a MVRV ratio perspective, still maintaining a 2x profit multiple on average, while most short-term holders are losing money.
Many volatility indicators dropped significantly, suggesting greater volatility is on the way. "
