Bitcoin Supply in Profit Hits 69.3%, Glassnode Says: Here's Why That's Concerning
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Bitcoin (CRYPTO: BTC) continues to trade sideways, but Glassnode's weekly pulse shows leverage, institutional inflows, and profit-taking all building underneath the surface at the same time. What the On-Chain Data Shows Glassnode reported that 69.3% of circulating Bitcoin supply is now in profit, above its statistical high band, giving holders a growing incentive to sell.
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