The recent rally in BTC’s price has put many holders in profit. Many holders are, however, inclined to sell, rather than hold. In the first 30 days of 2023, Bitcoin’s price rallied significantly, causing many of its holders to hold unrealized profits. However, as BTC’s price consolidated and traded in a tight range since the […]
Many holders are, however, inclined to sell, rather than hold.
The aforementioned report by Glassnode assessed the spending habits of large, small, long-term, and short-term BTC holders to uncover behavior patterns as the market trends shifted.According to Glassnode, the recent surge in BTC’s price caused many of its holders to log profits on their investments. By analyzing BTC’s Realized Profit/Loss ratio, Glassnode examined the balance between profits and losses among BTC holders to identify shifts in dominance in the market.
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