According to Glassnode, almost 74% of the Bitcoin supply is now in profit, with profit-taking and short-term holder gains both stretched well above their historical ranges. Historically, when around three-quarters of the supply is in green—meaning that its last on-chain transfer price is below the current market price—this reflects a healthy, uptrending market.
With such a high percentage of investors sitting on unrealized net gains, the likelihood increases that some of that capital will seek to realize profits, selling to secure liquidity, as the price encounters major blocks of accumulated supply, such as the ranges recently observed between US$84,000 and US$85,000.
#BTC #bitcoin #Glassnode. #On-chain #Inversiones $BTC
With such a high percentage of investors sitting on unrealized net gains, the likelihood increases that some of that capital will seek to realize profits, selling to secure liquidity, as the price encounters major blocks of accumulated supply, such as the ranges recently observed between US$84,000 and US$85,000.
#BTC #bitcoin #Glassnode. #On-chain #Inversiones $BTC