Analysis: The relative floating profit rate of BTC long-term holders is lower than the previous high, indicating that the current market still has room for upward movement

Glassnode co-founder Rafael shared data showing that the Relative Unrealized Profit for long-term Bitcoin holders is currently 0.74, significantly lower than the overheating levels seen in previous cycles. This shows that the current market still has room to rise, and we need to pay close attention to whether the indicator will break through 0.9 or even higher.