đGood news! According to Glassnode's analysis, Bitcoin prices are still in a bull market phase, and although they have fallen back after entering the frenzy range, the real market average is $50,000, which is the average cost basis for each active investor. đIf we expect the macro bull market to continue, this level is the key price level that the market needs to stay above.
đ„In addition, Bitcoin's unrealized profits indicate that the market may be overheated, and this value is currently $92,000. The break-even level for the short-term holder group is $64,000, and although the spot price is currently below this level, it is trying to recover.
đ§It is worth noting that only 7% of trading days recorded spot prices below the -1 standard deviation band, making it a relatively rare situation. This is exciting news, let's pay attention to the future trend of Bitcoin together! đȘ
