Markets· ★★★· neutral·

Glassnode: Long-Term Holders Drive 55% of Bitcoin Realized Profit as ETF Inflows Slow

  • —U.S. spot BTC ETF inflows hit about $1 billion on Sept 21 and 22, then fell to $24 million by Sept 28
  • —Sept 21 marked the largest single-day inflow in nearly a year
  • —Long-term holders' share of realized profit rose from 34% to 55%
  • —A sell wall formed on Binance's spot order book between $85,000 and $85,500
Why it matters: Slowing ETF inflows and rising profit-taking by long-term holders are capping BTC near the $85,000–85,500 resistance zone.
Source: The Crypto Times