Glassnode: Bitcoin Short-Term Profit Flows Normalize
Glassnode reports short-term bitcoin holders in profit sent the largest share of exchange inflows in a year two weeks ago, weighing on price, but those flows have now eased back to average yearly levels.
SourceAnalysis
Glassnode data shows short-term holders in profit drove the largest share of bitcoin exchange inflows in a year two weeks ago, and that selling pressure has weighed on price since.
The flow has now returned to its average yearly level.
Bitcoin trades at $82076.25 inside its Bollinger Bands on the 4h chart, with the upper band at $82668.66 acting as immediate resistance. Price sits below the EMA50 at $82283.24 yet above the EMA200 at $82065.91, confirming the bearish trend structure while the MACD golden cross at -26.12 signals building momentum. Neutral RSI at 50.67 leaves room for continuation toward the upper band before any retracement to the 50-EMA support.
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