Whilst both inflowing liquidity and appetite for speculation have slowed down over the last 2 months, the reclamation of the $68k level has driven a majority of the Bitcoin Short-Term Holder cohort back into holding an unrealized profit.

This indicates that despite recent sideways choppy price action, the majority of recent buyers now have a cost basis which is more favourable and below the current spot price.

Discover more in the latest Week On-Chain below 👇
https://glassno.de/3VbNYW0