Willy Woo Highlights Distortion in Bitcoin Long-Term Holder Metrics

According to Foresight News, analyst Willy Woo has commented on the distortion present in the Bitcoin long-term holder realized profit metric reported by Glassnode. Woo noted that this cycle's data is skewed because Bitcoin inflows into spot ETFs and the Treasury are registered as long-term holdings after five months. However, within these institutions, the Bitcoin may be frequently traded by short-term investors, contradicting the classification as long-term assets.