Auto Added by WPeMatico

This one key Bitcoin metric holds the cards to the bull run

Bitcoin crossed $12,000 and slid under the range, yet again. Speculation with respect to an imminent bull run is almost unavoidable at the moment. With every key metric turning plush green every day, for more proponents, the next big rally for Bitcoin is seemingly around the corner. Bitcoin’s Short-Term Holder metric conveyed the same sentiment at press time. Source: Twitter According to the above glassnode chart, BTC’s Net Unrealized Profit/Loss (NUPL) has now held a positive position for a good part of the last four months. Glassnode Founder Rafael Schultze-Kraft stated that historically such a scenario has been identified with previous…

Continue Reading This one key Bitcoin metric holds the cards to the bull run

End of content

No more pages to load