The crypto market entered into a strong recovery in mid-October as market participants showed notable excitement about the potential approval of the first Bitcoin spot ETF. This recovery continued in November and has recorded massive growth in a majority of major cryptocurrencies.
As the US SCe is nearing the actual decision of approval, the crypto market is likely to witness a significant inflow of buying pressure. This positive sentiment will also trigger a bull run in altcoins, offering the best opportunity to enter a long position.
Also Read: Why Bitcoin ETF Is Such A Big Deal? Is it Possible, Though?
Bitcoin: Global In/Out of the Money
Source- Intotheblock
The Bitcoin addresses’ In/Out of the Money status reveals a significant leaning towards profitability among BTC holders. Specifically, data shows that 41.05 million Bitcoin addresses, accounting for 81.67% of all holders, are currently ‘in the money,’ meaning they have unrealized gains on their holdings. Conversely, only 7
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