Bitcoin Investors Are Back in Profitability - Does this Mean the Bear Market Capitulation Phase is Over?

In wake of a month of explosive upside, "Bitcoin is consolidating above the on-chain cost-basis of several cohorts," crypto analytics firm Glassnode said in their latest weekly on-chain newsletter. As a result, this has put "the average BTC holder into a regime of unrealized profit, and demonstrates a potential turning of the macro market tides is underway," Glassnode claims....