Odaily Planet Daily News Glassnode data shows that despite the recent volatility in Bitcoin prices, a considerable number of Bitcoin holders are still profitable-as of May, more than 90% of the Bitcoin supply is in profit. This trend shows that holders are still maintaining their positions amid market fluctuations, reflecting Bitcoin's resilient support level. In addition, Bitcoin's price action in 2024 is similar to the volatile periods in previous years (especially 2017). Glassnode data also shows that the Bitcoin market is experiencing support levels, which boosts the confidence of holders, even though the asset is undergoing typical cyclical adjustments. (CryptoSlate)