Positive developments in the trade conflict between the United States and China pushed Bitcoin above $94,000.

At 87.3% from 82.7% in March, the supply of BTC in profit at current prices increased due to its rebound.

Net flows from Bitcoin ETFs increased to $1.83 billion between Tuesday and Wednesday, indicating institutional interest.

Bitcoin (BTC) rose beyond $93,000 on Thursday, as reports of tariff reductions between the United States and China boosted the price, raising the proportion of supply in profit to 87.3% from 82.7% in March, according to Glassnode data. The profit/loss ratio of short-term holders (STH) rose to neutral levels at 1.0, indicating that the market has moved marginally from bearish to a safer ground.

After Bitcoin crossed $90K, short-term holders took large profits.

Bitcoin reached $94,000 on Tuesday as the cryptocurrency market rebounded. Investor confidence over the calm in the tariff war between the United States and China fueled the rise of Bitcoin.

According to Glassnode's weekly on-chain analysis, Bitcoin broke above the cost basis of short-term holders (STH), which is $92,900, due to the rise. The research noted that a rise above the STH cost basis typically ends a bearish phase and begins a positive trend.

Unrealized profits of investors also increased. The percentage of Bitcoin supply in profit grew to 87.3%, 5% higher than the 82.7% when it was trading at $94,000 in early March. This means that 5% of Bitcoin's circulating supply has traded at lower prices since early March.

In addition to the unrealized profit statistic, Glassnode researchers observed that the profit/loss ratio of the STH supply grew to 1.0.

"This suggests that the short-term supply is more balanced between coins in profit and in loss, turning this into a balanced sentiment point for this group," said Glassnode in the study.

Bitcoin's rally to neutral levels indicates a shift from bearish to stable. This push or pullback could lead to a local peak of BTC or a stronger recovery.

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