Short-Term Holders Recapture Profits as 87% of Bitcoin Supply Now in Profit

Bitcoin's meteoric rise to $64,000 has turned the market green, reversing weeks of bearish behavior. This rally, sparked by shocking news, has significantly boosted the profitability metrics of short-term holders (STH).

For example, the percentage of Bitcoin supply in profits skyrocketed dramatically and STH-related indices like NUPL finally turned positive.