Bitcoin has experienced an 11% surge since Tuesday after the Federal Reserve announced a 50 bps interest rate cut. This significant uptick pushed Bitcoin past the $62,000 mark, a crucial psychological level that shifted investor sentiment towards optimism.
Despite this recent rally, essential data from Glassnode indicates that both Bitcoin's capital inflows and outflows remain stagnant. This raises questions about whether the current market equilibrium offers an entry opportunity or signals potential stagnation for the cryptocurrency.
