Glassnode market overview for BTC:
◾More than 90% of BTC holders are in profit, which may indicate a possible depletion of market demand and an increased risk of correction.
◾There is an increase in demand on the BTC blockchain, which may indicate growing activity on the network.
◾More than 90% of new investors are making a profit so far, but the trend points to a decline.
◾A shift from peak ETF speculation to more cautious trading could indicate the potential for easing profit-taking.
◾Long-term holders remain in a high-risk zone with significant unrealized gains. Despite the flat trend over the past 7 days, we are in the early stages of a bull market.
