📊👀 #BTC Glassnode report: With the price of Bitcoin trading above $100k for several weeks now, long-term holders take advantage of the opportunity to distribute supply into new demand. This resulted in a new ATH in realized gains exceeding $2.1 billion.
The share of network wealth held by new investors has risen sharply, indicating strong demand but also reflecting a shift in the balance of wealth away from long-term asset holders.