Markets· ★★★· bearish·

Glassnode: Share of Bitcoin Supply in Profit Falls to 67.3% in a Week

  • —Share of BTC supply in profit fell from 68.2% to 67.3% in a week
  • —Spot bitcoin ETFs drew roughly $296.8 million over the week
  • —ETF inflows were concentrated early; flows reversed as prices fell
  • —Spot market participants turned net sellers by October 25
Why it matters: Thinner unrealized gains for short-term holders reduce the cushion against selling and raise the risk of cascading liquidations if prices fall further.
#BTC
Source: TokenPost
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