BTC may offer a better entry point than a month ago

Glassnode said recent Bitcoin buyers have moved out of a zone associated with heavy selling pressure. At the end of September, nearly all Bitcoin held by short-term holders was in profit, but that share has now fallen to around 70%, suggesting unrealized gains among short-term holders have narrowed from a month ago. For investors who expect the uptrend to continue, the current market may offer a relatively better entry point than the overheated conditions seen in late September.