Latest data from Glassnode shows Bitcoin long-term holders currently own around 90% of the total supply in profit.
Bitcoin Supply In Profit Share Of Short-Term Holders Declines
According to the latest weekly report from Glassnode, dominance of long-term holders has observed rise recently.
The relevant indicator here is the “supply in profit,” which measures the total number of coins that are currently holding a profit in the Bitcoin market.
The metric works by checking the on-chain history of each coin to see what price it was last sold at. If this previous price was less than the current one, then the coin has now accumulated some profit.
Related Reading | Bitcoin Bullish Signal: 1k-10k BTC Holders Have Been Buying Recently
On the other hand, the last selling price being more than the latest value of the crypto would suggest the coin is holding a loss at the moment.
The supply in profit indicator naturally only measures the former type of coins. Now, here is a ..
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