Bitcoin has remained above the 135-day moving average, showing strength signals.

Bitcoin (BTC) has been drawing attention with its recent performance. Especially, BTC has managed to stay above its 135-day moving average, continuing to be an asset that investors are flocking to. This situation, which is crucial for investors, indicates that the market remains structurally strong and that confidence has not been shaken despite negative price movements.

According to data from on-chain analysis platform Glassnode, BTC's Young Supply MVRV ratio has declined to a level of 1.0. This data reveals that short-term investors are not trading below the levels they consider as their cost basis, and the market has distanced itself from speculative excesses. Therefore, it can be said that a healthier balancing process is underway among investors.

Glassnode noted that the decline of the 'Young Supply MVRV' indicator to these levels means that the profit margins of short-term investors have neutralized, and the speculative heat on the market has decreased. According to historical data, this type of appearance indicates that a healthy consolidation process has begun in the Bitcoin market and lays the groundwork for a potential recovery.

As per the latest data, the profitability of the short-term Bitcoin supply has reached a balancing point. This situation raises the possibility that investors may be entering a period of regaining strength. Investors should carefully monitor Bitcoin and the movements in the overall crypto market, considering this positive outlook ahead of them.