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Market Cap:
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Bitcoin Bitcoin Share: 59.74%
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AMB Crypto
2022-10-28 15:30:58

Is Bitcoin still ‘worth buying’ as it sheds some of its gains

Is Bitcoin still ‘worth buying’ as it sheds some of its gains

After trading at a high of $20,770 on 26 October, BTC shed its gains as the entire cryptocurrency market retraced. Interestingly, on-chain data, including Short Term Output Profit Ratio (STH SOPR), BTC Exchange Reserves, Net Unrealized Profit and Loss (NUPL), and Market-Value-to-Realized-Value (MVRV) revealed that we were still in a “buy market.”

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