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Crypto

Bitcoin up 47 percent but holders still not selling off

Bitcoin has jumped 47 percent recently, but holders have not moved to sell on a large scale, data showed. Bitfinex figures cited by U.Today put bitcoin’s adjusted SOPR, an on-chain measure of whether coins are sold at a profit or loss, at around 1.01, just above breakeven. Bitcoin has rebounded from below $58,000 in early July and is now above $86,000, while its weekly close moved above the 50-week moving average for the first time in 45 weeks.

Crypto

Bitcoin breaks above $80,500, flashes long-term bullish signal for first time since 2023

Bitcoin closed above its 365-day moving average and broke a long-term trend line for the first time since March 2023, prompting analysis that a long-term bullish signal has emerged. The cryptocurrency rose to $85,897 and cleared the psychological $85,000 level. Analysts said moving above $85,000 signals entry into a confirmed uptrend, with the MVRV ratio above its long-term average. Some cautioned that the market remains sensitive to U.S. spot ETF inflows and Federal Reserve policy decisions.

Crypto

Bitcoin short-term holders stay in profit for 30 days; CryptoQuant calls it bull-market return signal

Bitcoin short-term holders have stayed in profit for about 30 days, raising the possibility of a shift to a bullish market, an analysis showed. CryptoQuant described the trend as a key signal for a long-term uptrend to return in this cycle. As of Sept. 15, $168.2 billion of short-term holdings were in profit and $102.6 billion were below cost. Other on-chain indicators, including SOPR, also point to improving conditions.