The aSOPR indicator indicated an improvement in market sentiment in the second half of March

Amid a moderate market recovery since mid-March, the aSOPR indicator (7MA) is holding above 1. This indicates an improvement in market sentiment and fixation profits by most market participants. This is stated in the ForkLog analytical report.

Dynamics of the aSOPR indicator. Data: Glassnode.

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

Net realized profit of bitcoin investors. Data: Glassnode.

The share of coins from the total supply of bitcoin that have not moved for more than a year has overcome the milestone of 63%. A reading near the all-time high indicates that most hodlers have not sold coins in the face of two corrections of more than 50% in the last year.

The share of BTC that have not moved for more than a year. Data: Glassnode.

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

Dynamics of the daily number of burned ETH. Data: Etherscan.

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

Sponsor of the rubric « Bitcoin Industry in Numbers” is a global blockchain ecosystemBinance.

Recall that Galaxy Digital founder Mike Novogratz called the main condition for the growth of bitcoin Fed pause in tightening monetary policy.

The well-known tech analyst and head of Factor LLC Peter Brandt predicted the return of the first cryptocurrency to the bull market stage in May 2024.

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