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Vertex
@bankbank55
Market Overview After Bitcoin Surpasses $90,000 - CryptoQuant Bitcoin’s new all-time high has attracted new participants to the market, evident from the sharp rise in UTXO age bands. Most market participants are in profit, as confirmed by the percentage of profitable UTXOs. However, long-term holders continue to maintain their positions despite the increasingly saturated derivatives market. The Spent Output Profit Ratio (SOPR) is positive, indicating that many transferred tokens are in profit. It appears the market is entering a mania phase, as call option contracts for a two-month horizon have surged. Current probability models with a 500-day lag show that Bitcoin has crossed two standard deviations at the $90,000 level, while a third standard deviation in price movement is currently around $101,000.
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