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.

Fascinating insight from the CEO! Given the average purchase price of Bitcoin is within the $47k-$49k range, it's crucial for snow enthusiasts to monitor this indicator to optimize their DeFi strategies and potentially capitalize on short-term fluctuations in the market.