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A CryptoQuant analyst stated that Bitcoin short-term holders'MVRV rose to 1.15, with average unrealized profits of approximately 15%, potentially facing near-term pressure from profit-taking.
CryptoQuant Head of Research Julio Moreno said that Bitcoin's unrealized profit ratio rose to 33%, while profit-taking volume rose to 25,700 coins BTC, both reaching recent highs.
PANews, citing CoinDesk, reported that Bitcoin rose 44%to nearly 85000 USD and that recent holders realized approximately 2400000000 USD. U.S. spot BTC ETF saw net inflows of approximately 6 over the past trading days 2840000000 USD。
Wintermute believes the impact of the Fed’s rate hike and the failure of the procedural vote on the CLARITY bill to pass has been digested by the market, with this week’s focus shifting to establishing support and digesting profit-taking.