Bitcoin
The holders have increased their advantage activity as the value of cryptocurrency average indicated a significant rapid rapidly two weeks ago.
According to trading data data, BTC’s 50-day Simple Moving Average (SMA) confirms a golden cross over its 200-day SMA on 22 May-a technical indicators, a technical indicator to increase long-term speed. On the same day, according to the data of coindesk at the price of bitcoin, a record of above $ 111,000 reached a high level.
Nevertheless, the holders are closing in profit rather than on-chain data tracked by Glasanode, rather than catching further.
“Unit-appointed felt benefits indicate rapid profit activity, three times above $ 500m/hour in the last 24 hours,” Glasanode said on X On Tuesday.
Unit-appointed benefits benefits represents the total USD benefits of all coins, which have been transferred onchain, where their final movement is lower than the latest transaction price.
The chart shows that the activity of taking advantage has increased continuously since the second half of May, with a $ 500 million mark top. This is the most intensive advantage of taking the operation from early February.
Other matrix, such as unit-appointed output profit ratio (SOPR), suggests the same. SOP tracks the profit level of all transferred coins during a certain period. This unit-dominated version prevents transactions between the address of the same unit, providing a reliable indicator of real economic activity.
“Recently athle breakout has discontinued a notable increase in profits, occupying the average coin +16% profit. Less than 8% has been more profitable for investors in business days, suggesting a meaningful infection in profitable activity,” Glassinode said in its weekly report.
The report states that taking advantage is still not as intense as the former is seen during the major price-topping pattern.
As a writing, BTC changed his hand to $ 105,600 among President Donald Trump’s Truth Social Forum reports, which has taken a step to offer bitcoin exchange-traded funds to everyday investors.
