Against the backdrop of a moderate recovery in the market since mid-March, the aSOPR indicator (7MA) has been hovering above 1. This marks an improvement in market sentiment and profit-taking by most market participants. This is stated in the ForkLog analytics report.

On March 25, the net realized profit of bitcoin investors reached $2.3 billion. Comparable values ​​of the indicator were last observed on February 1.

The coin’s share of the total bitcoin supply, which has not moved for more than a year, has passed the 63% milestone. A reading near its all-time high shows that most hodlers are not selling coins in the face of two corrections that are more than 50% over the past year.

Since the activation of EIP-1559 in August 2021, the Ethereum blockchain has burned more than 2 million coins. In February-March, the protocol pulled over 330,000 ETH from circulation.

The share of ETH blocked in DeFi protocols is high – in March the value was 27.18% (27.48%), which is slightly less than in January.

Sponsor of “Bitcoin industry by numbers” column – global blockchain ecosystem Binance.

Recall that Mike Novogratz, the founder of Galaxy Digital, called the pause as the main condition for bitcoin’s growth. fed tightening the monetary policy.

Well-known tech analyst and Factor LLC chairman Peter Brandt predicted that the first cryptocurrency will return to the bull market phase in May 2024.