Glassnode: Bitcoin long-term holder selling shifts from losses to profits
- —The realized profit/loss indicator for BTC long-term holders has moved out of negative territory
- —Glassnode compared the current dynamic to exits from past bear markets
- —Analysts do not see the move as confirmation of a strong bull market
Why it matters: A change in long-term holder behavior could signal a market reversal, but it needs confirmation from price and capital inflows.
Source: Koin Bülteni