Episode Details

Bitcoin surges past $80,000, marking a one-month high in realized profits, as old holders cash out and new buyers enter the market. This profit spike during the rally, not a crash, increases the networks average cost basis, pushing more holders to break-even around current prices. On-chain data suggests a bullish shift in market structure, with newbies less likely to dump on small dips. Options traders remain cautious, favoring downside protection over upside bets, but theres growing interest in slow, steady climbs. Macro moves and geopolitical tensions could test this on-chain strength, so stay tuned as bitcoin continues its grind.

Support the show:
Get a discount at https://solipillow.com/discount/dnn.

Advertise on DNN:
advertise@thednn.ai

This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.

View sources & latest updates:
https://sources.thednn.ai/9d6181356c30b5db