Glassnode: Some short-term Bitcoin holders have taken profits, but it has not yet been confirmed that the market has completely turned bullish.

On April 24, Glassnode published that ETF inflows surged to $1.54 billion, with Bitcoin briefly rising above the short-term holder (STH) cost price. Nearly 5% of the supply changed hands, short positions increased, and some short-term holders took profits. This is a critical retest, but the strong support above $92,900 has not yet been confirmed, and it is still unverified that the market has fully shifted to the bullish zone.

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HappyNewYearvip
· 04-24 15:55
Recently, the most noteworthy thing about Bitcoin is that the U.S. government is considering establishing a national Bitcoin reserve. This is very beneficial for the long-term development of Bitcoin. People generally hold an optimistic attitude towards Bitcoin, believing that its position as digital gold and a safe-haven asset will be further solidified. The most noteworthy viewpoint is that, amid economic uncertainty, Bitcoin performs more robustly compared to traditional markets. The basis for this viewpoint is Bitcoin's anti-inflation properties and Decentralization characteristics.
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