#BTCvsMarkets
Bitcoin (BTC) traded above $92,000 on Thursday as rumors of US-China tariff easing stirred a rebound in price, sending the percentage of supply in profit at current price levels to 87.3%, 5% above 82.7% recorded in March, according to Glassnode data. The Short-term Holders (STH) Profit/Loss Ratio also rose to neutral levels at 1.0, indicating that the market has slightly moved from bearish territory to safer grounds.
Additionally, Bitcoin has received strong support among institutional investors during this period, with ETFs netting inflows of $1.83 billion between Tuesday and Wednesday, according to Farside Investors data. This implies that bullish sentiment is gradually rising among traditional investors.
