📊$BTC #ETF #Glassnode report:

▫️ Some on-chain and derivatives indicators suggest that non-trivial BTC investors treated the approval of the BTC-ETF as a promotional event;

▫️ Some indicators have reached levels where past cycles encountered significant resistance;

▫️ The unrealized profit and loss rate of long-term BTC holders reached 0.55 this week, which is a significant positive and gives the average long-term investor a 55% unrealized profit;

▫️ The supply of long-term holders has decreased slightly from ATH (by 75k BTC since November)