Bitcoin has increased by more than 10% in 1 week, from 85,200$ to 94,000$

Notably: $BTC has surpassed the average price of short-term holders (STH Price) – for the first time since March 3.

When the BTC price is higher than the average purchase price of short-term holders:

→ They are in profit

→ Reduced risk of sell-off

As of April 24, 87.16% of $BTC is in profit

This level is comparable to the bottom phase of 2024 before Bitcoin surged again

→ After the recent strong correction, the market is recovering and has a stronger foundation to move forward.

#Bitcoin