Looks like everyone made some money this time! Even though BTC is just barely over $83K, the profit-takers can’t sit still anymore. According to the latest weekly report from Glassnode @glassnode, 74% of the supply is in a profitable state, and the realized profit/loss ratio jumped from 0.8 to 1.43 in just a week. This means that the coins sold on-chain are mostly from people cashing out with profits, rather than those selling at a loss. In other words, during this recent pump, the seasoned holders are taking the chance to exit. If you’re chasing the highs at this point, you’re probably buying their bags, right?