🪙 A Little Bit of Bitcoin Metrics

The on-chain metric NUPL, which tracks overall investor sentiment and their profit/loss ratio, currently shows a value of 0.45. This means that by selling Bitcoin at the current price, investors would, on average, make a 44% profit relative to their price. last purchase.

🟢 Meanwhile, many long-term Bitcoin holders continue to hold the cryptocurrency, a thesis supported by the indicator

BCD - its values ​​indicate that long-term holders are not moving their coins right now.

Quantum Economics CEO Mati Greenspan takes a pessimistic view.

In his opinion, it is too early to talk about new highs for Bitcoin.

"The price of #BTC has been stable for over six months now and it is unclear when it will start to grow. Such stability can help in the recognition of BTC, as price predictability is important for its growth and reliability."

🚀 Under favorable macroeconomic conditions, demand for Bitcoin may increase. Then its price will have a chance to reach the support level at $64,520.