📉 Demand for Bitcoin has declined since March's ATH, with a drop in new capital inflow. However, supply is also tightening, with fewer coins available for transactions. Historically, this compression in supply has been a precursor to high volatility. 🚀

🔍 Glassnode highlights that the "Realized Profit" metric showed a significant spike on October 8, due to an internal transfer of WBTC, correctly adjusted in the leaked data.

📊 The "Binary CDD" metric suggests that long-term investors are inactive, while active supply has decreased, indicating a preference for HODLing.

🔵 The proportion of wealth held by short-term and long-term investors shows a unique equilibrium in the market, with no strong new demand or increase in HODLing pressure.

📈 The "Liveliness" metric indicates a tendency to HODL, further reducing the available supply. Despite low demand, new investor confidence remains high, suggesting less financial pressure and fear.

#Bitcoin#Crypto #Glassnode