
glassnode|Mar 25, 2025 15:37
More BTC is now held at moderate losses, while supply at higher profit margins has declined. YTD, there's been a notable reshuffling of holdings across profit and loss bands. In short:
🔺Losses are increasing, but they're not severe.
🔻High-profit holdings are thinning.
🔷There's growing concentration in the middle.
A market that’s cooling off, but not capitulating.
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