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146: Key Bitcoin Price Indicator Suggests Massive Bull Run | Owning 1 BTC Soon Be Out Of Reach for 99.8%
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The blockchain intelligence firm Glassnode says a key Bitcoin price indicator suggests the crypto market remains in the early days of a long-term bull run.
According to Glassnode, the number of BTC addresses with unrealized profit is at similar levels to the start of three major rallies. Unrealized profit is calculated by taking the difference between the current BTC price and the price at the time that Bitcoin in a given address last moved. It’s a sign of how many traders are determined to hold on to their investment.