Bargain Hunting
Intermediate
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Chart of the Day
No prizes for guessing: the price of Bitcoin can be pumped by bullish news out there — yes, the likes of Elon Musk and, as expected, the hype surrounding Apple’s bid to hire crypto experts. However, the pump finished off weak as trepidity set in. Despite the dip in volatility, on-chain metrics are warming up towards a possible recovery. Entity-adjusted SOPR is emerging above the nominal line at 1, suggesting that coin owners are back in profit.