Glassnode: Long-term BTC holders still firmly hold the currency, and the supply is relatively tight

Odaily News According to the on-chain report released by Glassnode on November 20, as market transactions reached the high point of the year, more than 16.366 million BTC (equivalent to 83.6% of the circulating supply) are in profit. This is the first time since November 2021. (near all-time highs). However, the size of the unrealized profits held in these coins remains modest, as measured by the difference between the spot price and the coins cost basis. The extent of unrealized profits held by investors has so far not been enough to incentivize long-term holders to sell, keeping total supply relatively tight.