Did the selling pressure on BTC last month ease? According to Glassnode, at the end of September, nearly all BTC held by short-term buyers were in profit at $83K–$86K, with everyone positioned to take profits. Now, this percentage has cooled to 70%, reducing some of the selling pressure. Glassnode assesses that current buying levels are more favorable than they were a month ago for those optimistic about BTC.
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