According to Glassnode, the share of supply held for less than 155 days that was in profit fell to roughly 70%, compared with nearly 100% in late September. This decline means recent buyers have less incentive to realize profits quickly and may be less likely to sell. Profit-taking flows returned toward their annual averages in mid-to-late October after earlier spikes in exchange inflows. During this period, Bitcoin traded between $80,000 and $82,000, while the broader share of supply in profit remained between 68% and 70%. Glassnode says this normalization could create better entry conditions for buyers, provided exchange inflows stay near their annual averages.
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