On-chain data shows the veterans of the Bitcoin market are taking 89% less profits compared to the May peak, despite prices being similar now. Bitcoin Realized Profit For 1Y+ Hands Is Relatively Low Right Now In a new post on X, the on-chain analytics firm Glassnode has talked about the latest trend in the Realized Profit of the seasoned hands on the Bitcoin network. The “Realized Profit” refers to an indicator that measures, as its name implies, the amount of profit that the BTC investors are realizing through their selling. The metric works by going through the transfer history of each coin being transacted or ‘sold’ on the chain to see what price it was moved at prior to this
source: https://www.newsbtc.com/bitcoin-news/bitcoin-109000-but-hodler-profit-taking-down-89/