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Bitcoin's Unusual Bottoming Process: Long-Term Holders Accumulate Amid ETF Outflows
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Bitcoin's Unusual Bottoming Process: Long-Term Holders Accumulate Amid ETF Outflows

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  • Glassnode reports 54% of Bitcoin supply is in loss, marking a sharp deterioration in investor profitability.
  • This suggests an unusual bottoming process where long-term holders accumulate while ETF investors sell, indicating a controlled migration of BTC to patient hands despite price weakness.

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Glassnode reports 54% of Bitcoin supply is in loss, marking a sharp deterioration in investor profitability. This suggests an unusual bottoming process where long-term holders accumulate while ETF investors sell, indicating a controlled migration of BTC to patient hands despite price weakness.

Read the full article on CryptoSlate

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This article was originally published by CryptoSlate.

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