The stability of Bitcoin miners' reserves and interest from institutions indicate that prices may rise. The reserves of miners have remained stable over the past 24 hours, showing that miners are confident about future price trends. Currently, Bitcoin is trading at 88,020.88 USD, up 1.53% in the last 24 hours. Most addresses holding Bitcoin are in profit, and market sentiment is generally optimistic. The net unrealized profit/loss (NUPL) of Bitcoin is 0.501, indicating that the market is in a profitable range. The activity of whales and institutions is significant, with BlackRock purchasing 42 million USD worth of Bitcoin. The stability of miner reserves, positive NUPL, and the breakout from the downtrend line suggest that Bitcoin may increase in value.
$BTC
AmbCrypto
