Glassnode Report Bitcoin Holders Maintain Profitability Despite Current Price Stability

According to recent analysis by Glassnode, despite limited price fluctuations in Bitcoin over the past few weeks, Bitcoin holders are still maintaining unrealized profits. As of the latest data, the BTC trading price is $65,141, moving within a horizontal channel with resistance at $71,656 and support at $64,825. It is worth noting that investors’ profitability has remained strong during this period. Glassnode’s on-chain data shows, “The BTC price is consolidating within a established trading range. Investors are generally in a favorable position, with over 87% of the circulating supply in profit and a cost basis lower than the spot price.”