The unrealized profit rate for long-term BTC holders is 0.74, lower than previous highs
According to data from Rafael, co-founder of Glassnode, the Relative Unrealized Profit of long-term Bitcoin holders is currently at 0.74, significantly lower than the overheated levels seen in previous cycles. This suggests that there is still room for growth in the current market, and market participants are closely watching whether this indicator will break through 0.9 and higher levels.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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