A recent report by Glassnode suggests that while Bitcoin's recent market correction from its all-time high of over $108,000 reflects a cooling phase, low levels of investor stress indicate that the bull market is not over. The number of BTC held at an unrealized loss is currently between 2.0 and 3.5 million coins, lower than the lows seen in mid-2024. Short-term holders, who acquired Bitcoin near the market peak, are more focused on unrealized losses. The report also highlights that the market value to realized value (MVRV) ratio indicates that the average Bitcoin holder has a 32% unrealized profit. The report suggests a positive sentiment despite the market pullback and highlights Bitcoin's increasing market maturity and reduced speculative intensity. Overall, the metrics suggest that Bitcoin's market remains resilient with a positive outlook, but a failure to regain upward momentum could increase pressure on short-term holders.



Other News from Today