Data: Profit selling pressure on Bitcoin is decreasing, with long-term holders' realized market value dropping from $126 million to approximately $13.6 million

According to BlockBeats, on June 10th, according to Glassnode's disclosure data, the "realized market value" of long-term holders of Bitcoin who have held it for over a year has sharply decreased from a peak of about $126 million to the current level of about $13.6 million, a decrease of 89%. Despite similar price levels, the profit selling pressure of long-term investors is significantly lower than the peak period in late May. The key indicator "Realized Cap" operates on the logic that when BTC is transferred to a wallet, it is considered a "buy" and when it is transferred out, it is considered a "sell". By calculating the average cost base of each wallet multiplied by the position, the "Realized Cap" of the entire network can be obtained. This indicator reflects the total capital entering the Bitcoin market through real on chain activities.