Bitcoin’s Delicate Dance: When Whales and Minnows Hold Hands (But Not Their Coins)
In their latest dispatch to the crypto-philosophers of X, Glassnode has unveiled the Supply in Profit metric – a merciless ledger of which Bitcoin holders are currently basking in digital gold, and which are drowning in red ink. The numbers, it seems, have taken a page from Dorian Gray’s portrait: currently less than half of short-term holders (those reckless souls who bought within the past 155 days) are above water.

