Update
Bitcoin Short-Term Holder Profit Drops to 70%
A month ago, almost every recent Bitcoin buyer was sitting on a gain. Now about 70% of them are. Glassnode reported a drop in the short-term holder profit rate, which may offer a better entry point for buyers betting on an uptrend. Bitcoin traded between $80,000 and $82,000 during the reporting period, with realized gains reduced relative to losses, indicating fewer coins were changing hands at a profit. The broader supply in profit hovered in a 68% to 70% range over the same stretch.