đ Bitcoin's Back, Baby! đ
Bitcoin (BTC) has been on a tear, surging over 23% in the past two weeks to hit a 2-month high of $68,583 on July 22. According to Glassnode, this rally has been a lifesaver for short-term holders (STHs), who saw 90% of their supply in the red just a few weeks ago.
- BTC's rise above $68K has returned 75% of STHs' supply to profit.
- The STH-MVRV metric is back above 1.0, signaling a strong uptrend.
- All STH cohorts are now in the green, boosting investor sentiment.
What do you think? Is this the start of a new bull run? Drop your thoughts below! đŹ
#Bitcoin #CryptoNews #BTC
