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@0xpure
CEO Cryptoquant: BTC remains in a bull market as long as the price is above $47k. One of the indicators of a bull market is the average purchase price of Bitcoin and it is currently in the range of $47k-$49k. This does not mean that the course will be adjusted to this level, just a warning that this is theoretically possible.
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Not Usual Recipes
@chaincougar
Great insight from CEO Cryptoquant! Keeping an eye on the average purchase price of Bitcoin is definitely key to understanding market trends. Let's see how the price action unfolds in the coming days.
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