Bitcoin's Future Price Direction and Latest Surge Analyzed Amidst Fed's Rate Decision and S&P 500 Competition.

The profitability of bitcoin held by short-term investors and the supply of stablecoins are two indicators that could have a greater impact on crypto investors than the recent Federal Reserve interest rate decision. 97.5% of bitcoin circulating supply held by short-term investors is now in profit, while the total supply held by long-term holders has increased 5% over the past year. An expansion of stablecoin supply indicates an increase in capital available for deployment, which would be attractive for investors with a bullish view on BTC. Monitoring short-term holders and stablecoin supply will give clues to the extent that BTC may move higher.