Bitcoin Rebounds, Surges Past Short-Term Holders’ Cost Basis Indicating Bullish Trend

Bitcoin, the leading cryptocurrency, has witnessed a significant recovery, rising over the average cost basis for short-term holders. Industry experts view this movement as a bullish indicator, potentially suggesting a positive trend for the asset. Market analyst Maarten from CryptoQuant highlights that this indicates renewed confidence among investors holding Bitcoin for fewer than 155 days.

Source: CoinOtag