Glassnode co-founder: Bitcoin still has room to rise based on long-term holders

The co-founder of cryptocurrency analytics firm Glassnode has analyzed that there is room for growth in the unrealized gains indicators of long-term Bitcoin holders.
Raphael Schulze-Kraft Glassnode co-founder announced the news on his Twitter account on the same day.
"On-chain metrics show that the relative unrealized profit index for long-term Bitcoin holders is at 0.74," he said, "which is far below the overheated levels recorded in previous cycles."
"The index is rising toward 0.9 and we are watching it closely," he added.