Bitcoin's rise above $44K led to 91.1% supply in profit, a peak since Nov 2021. However, a weekend correction hinted profit-taking. The 50-day moving average reveals key market trends, but what are the implications for investors? Find out more in CryptoSlate Alpha...
Bitcoin’s supply in profit shows bullish sentiment despite volatility
Bitcoin's supply in profit reflects sustained market optimism, staying robust above the 50-day moving average despite recent corrections.
2 min read
Updated: Dec. 11, 2023 at 4:26 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
