Bitcoin Investors Are Back in Profitability – Does this Mean the Bear Market Capitulation Phase is Over?

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Bitcoin Investors Are Back in Profitability – Does this Mean the Bear Market Capitulation Phase is Over?

   Bitcoin BTC Features    February 7, 2023  |  0

In wake of a month of explosive upside, “Bitcoin is consolidating above the on-chain cost-basis of several cohorts,” crypto analytics firm Glassnode said in their latest weekly on-chain newsletter. As a result, this has put “the average BTC holder into a regime of unrealized profit, and demonstrates a potential turning of the macro market tides is underway,” Glassnode claims….
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