#ContentStar Bitcoin bull market FOMO absent as BTC price nears key $39K profit zone
“We’re still early,” an analyst says as Bitcoin profitability dynamics reveal a shift in BTC supply profitability on the horizon. Bitcoin bull market “FOMO” has yet to appear despite BTC price being up 120% this year. Data from the statistics platform Look Into Bitcoin shows that on-chain transactions are only starting to involve “younger” Bitcoin.
Bitcoin remains near 18-month highs and well beyond its bear market trading range and several key resistance levels. While the number of smaller wallets is increasing, there has not been a major return to the network from speculators — those holding BTC for short periods of time.
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#ContentStar Bitcoin bull market FOMO absent as BTC price nears key $39K profit zone
“We’re still early,” an analyst says as Bitcoin profitability dynamics reveal a shift in BTC supply profitability on the horizon.
Bitcoin
bull market “FOMO” has yet to appear despite BTC price being up 120% this year.
Data from the statistics platform Look Into Bitcoin shows that on-chain transactions are only starting to involve “younger” Bitcoin.
Bitcoin remains near 18-month highs and well beyond its bear market trading range and several key resistance levels.
While the number of smaller wallets is increasing, there has not been a major return to the network from speculators — those holding BTC for short periods of time.