Glassnode: Recent BTC buyers have exited the strong selling pressure zone, short-term holders' profitable supply ratio drops to about 70%.

October 27th, Glassnode stated that investors who recently bought BTC have moved away from the strong selling zone. In late September, short-term holders' positions were almost entirely in profit, but this proportion has now fallen back to about 70%.

For investors expecting the BTC upward trend to continue, the current entry conditions have significantly improved compared to a month ago. The decline in the profit ratio of short-term holders means that market profit-taking pressure has somewhat cooled, but this does not necessarily mean BTC will rise subsequently.