Looks like everyone has made money this round. Although BTC is only a bit over $83K, the profit-taking crowd can’t sit still anymore.
According to Glassnode’s latest weekly report, 74% of the supply is currently in profit, and the realized profit/loss ratio jumped from 0.8 to 1.43 over the week.
That means the coins sold on-chain by those who are taking profits outnumber the ones cut with losses.
So, in other words, during this recent surge, even the old-timers are using the opportunity to get off the train.
At a time like this, chasing the price means you’d be taking their bags, right?
According to Glassnode’s latest weekly report, 74% of the supply is currently in profit, and the realized profit/loss ratio jumped from 0.8 to 1.43 over the week.
That means the coins sold on-chain by those who are taking profits outnumber the ones cut with losses.
So, in other words, during this recent surge, even the old-timers are using the opportunity to get off the train.
At a time like this, chasing the price means you’d be taking their bags, right?
