Bitcoin prices have rebounded strongly, soaring above $68,000 and sparking a surge in perpetual futures activity. This significant appreciation in price has provided much-needed relief for the Short-Term Holder cohort, with 75% of their coins now held in profit. #Bitcoin prices have rebounded strongly, rallying over $68k and catalyzing an uptick in perpetual futures activity. The appreciation in price has also provided much-needed relief for the Short-Term Holder cohort, with 75% of their coins now held in profit. Discover more in the… pic.twitter.com/NGVq0Cw72E — glassnode (@glassnode) July 24, 2024 The Bitcoin network hashrate has also been on the rise, recovering
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