Willy Woo Raises Concerns About Distorted Bitcoin Long-Term Holder Metrics

Analyst Willy Woo has flagged inconsistencies in the Bitcoin long-term holder realized profit metric, as reported by Glassnode. Woo argues that this data is skewed due to a delayed recording of Bitcoin inflows into spot ETFs and the Treasury. These assets are initially registered as long-term holdings after a five-month period, yet within these institutions, short-term investors may be actively trading Bitcoin frequently, contradicting the classification of these holdings.