Bitcoin Rally Is In A ‘High-Risk, High-Reward’ Zone: Glassnode
Bitcoin‘s (CRYPTO: BTC) surge above $104,000 has pushed the market into a “high-risk, high-reward” zone, with a structure that mirrors previous bull rallies, according to Glassnode‘s report on Tuesday.
What Happened: The report suggests that while profit-taking incentives are rising sharply, the rally could sustain momentum if demand from new participants continues to grow.
“The market has now entered a high-risk, high-reward structure, with 94% of supply in profit, NUPL nearing euphoric levels, and the Realized Profit/Loss ratio elevated at 2.38,” the report said.
“However, if demand continues to build in response to the rally – particularly among new entrants – this structure has the potential to persist for several more weeks, similar to prior bullish phases.”
Glassnode’s assessment positions the current market as delicately balanced.
On one side, …
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