Bitcoin
Holders have increased their for-lucrative activity since the cryptocurrency prices have made a key Haussier signal flash two weeks ago.
The simple 50 -day BTC (SMA) Mobile Mobile (SMA) crossed its 200 -day SMA on May 22, confirming a golden cross – a technical indicator signaling an optimistic long -term momentum, according to tradingView data. On the same day, the Bitcoin price reached a record over $ 111,000, according to Coindesk data.
However, the bearers are increasingly locking gains rather than keeping for more increase, according to chain data followed by Glassnode.
“The benefit made in entity has increased above $ 500 million / hour three times in the last 24 hours, reporting on Tuesday an activity with intense profits,” Glassnode said on Tuesday.
The fully adjusted adjusted benefit represents the Total USD profit of all the parts that have been moved to ONCHAIN, where the price at their last movement is lower than the last transaction price.
The graph shows that lucrative activity has regularly increased since the second half of May, exceeding the $ 500 million mark several times. This is the most intense profit operation since early February.
Other measures, such as the Production Production Report Spew (SOPR) adjusted entirely adjusted, suggest the same thing. SOPR follows the level of profit from all the displaced parts for a given period. Its adjusted version entity rejects transactions between addresses of the same entity, providing a reliable indicator of real economic activity.
“The recent escape from ATH has led to a significant increase in the benefits locked up, the average part capturing a profit of + 16%. Less than 8% of negotiation days were more profitable for investors, suggesting a significant transition to a for -profit activity,” said Glassnode in its weekly report.
The report added that taking profits is still not as intense as that which is seen during the main main price models.
During the editorial staff, the BTC changed hands at $ 105,600 among the reports of the social platform of truth of President Donald Trump approaching a step of funds to offer a negotiated Bitcoin fund to everyday investors.
