**Bitcoin Market Analysis: Positive Sentiment and Key Indicators**
On July 15th, an analysis was shared indicating that the crypto market sell-off had ended, projecting a positive sentiment in the coming weeks. Current data supports this optimistic outlook.
Firstly, Bitcoin's price has risen above $63,500, surpassing the average realized price for short-term investors. This rebound is a crucial indicator of market recovery.
Secondly, the market capitalization of stablecoins USDT and USDC has increased, which directly influences Bitcoin's price. This growth in stablecoin capitalization suggests increased liquidity and investor confidence.
Additionally, Bitcoin miners are no longer underpaid; they are now fairly compensated, allowing them to break even at current prices. This shift from an underpaid phase to fair compensation is vital for the sustainability of mining operations.
Furthermore, there have been significant inflows into Bitcoin Spot ETF funds over the past two weeks, indicating strong institutional interest and confidence in the market.
Lastly, the repayment of Mt. Gox creditors through exchanges like Bitstamp and Kraken has not caused market panic, with Bitcoin's price remaining stable. This aligns with previous predictions that Mt. Gox repayments would impact the market psychologically rather than through supply dynamics.
In conclusion, the positive sentiment in the US market, bolstered by the anticipation of Spot ETFs for Ethereum and recent events, supports a favorable outlook for Bitcoin.
