PANews reported on December 2 that according to data from glassnode co-founder Rafael, the relative unrealized profit rate of long-term Bitcoin holders is currently 0.74, significantly lower than the overheated level in previous cycles. This shows that the current market still has room to rise, and market participants are closely watching whether the indicator will break through 0.9 and above.

The relative unrealized profit rate of BTC long-term holders is 0.74, which is lower than the previous high.