Bitcoin's recent surge past $47,000 has ignited the crypto market, pushing a staggering 81% of its circulating supply into profit! While the crypto-verse was busy giving meme coins all the attention, Bitcoin [BTC], took a major leap. Once again, BTC found its footing and demonstrated its enduring strength. This significant price increase is largely fueled by growing anticipation surrounding the potential launch of a spot Bitcoin ETF in the U.S. Bitcoin superó el umbral de los $47K el lunes, impulsado por la creciente expectación ante el posible lanzamiento de un ETF de bitcoin al contado en EE. UU.

Interestingly, the market also recently witnessed Bitcoin experienced a significant outflow of 47,000 BTC, sparking debate about potential supply shock. Bitcoin’s price remained stable despite the outflows, suggesting the move was not necessarily indicative of negative sentiment. This resilience highlights the maturity and strength of the Bitcoin network.

Keep track of key on-chain metrics with resources like those that Provides data on the supply of Bitcoin, such as changes in supply, distribution of profit/loss, and velocity of circulation. Understanding these dynamics is crucial for navigating the volatile cryptocurrency landscape.

It's worth remembering that The world's first-ever crypto asset continued to reach new heights, even after periods where its price lingered between the $37,000 and $38,000 price territory. This latest jump reaffirms Bitcoin's position as a leading cryptocurrency and a significant asset in the global financial ecosystem. Stay informed about future Bitcoin movements and market analysis for informed investment decisions.