Long-term Bitcoin investors are being rewarded by the crypto asset's rally to multi-year highs above $50,000. According to Glassnode, while Bitcoin prices are still 28% below all-time highs, the number of BTC held at a loss is rapidly declining, with only 13% falling into this category. 📉

Based on the behavior of GBTC (Grayscale Bitcoin Trust), long-term holders have transacted around 148,000 BTC since November last year. This indicates a possible change in investor behavior as some BTC are spent and profit skimming becomes more common. 💰

Despite the profit-taking events that led to Bitcoin's correction this week, investors appear to be optimistic about its trajectory. MicroStrategy co-founder and Bitcoin advocate Michael Saylor said the recent introduction of spot Bitcoin ETFs is boosting the price of the major cryptocurrency. 🚀