Bitcoin Recovers Price📈

Bitcoin has made an impressive recovery in the world of cryptocurrencies this month, marking a significant milestone. Bolstered by the continuous bullish trend led by market bulls, BTC has surged past $31,000, surpassing its All-Time High price of the year.

As of the time of writing, Bitcoin is currently being traded at $30,550. According to insights from Glass Node, a leading cryptocurrency market analytics provider, this rise from $25,000 to above $30,000 has resulted in more than 1.8 million Short-Term Holders realizing profits.

In fact, a staggering 96.9% of BTC in the short-term supply category now belongs to profitable addresses. This statistic carries several promising implications. When concerns and anxieties surrounding an asset diminish, it tends to attract a greater influx of capital.