Bitcoin buyers with long-term positions are realizing earnings at ranges not seen in practically a decade, in accordance with blockchain analytics agency Glassnode.
Information from the agency exhibits that long-term holders have realized roughly 2.37 million BTC in revenue through the ongoing 2024–2025 cycle. At present costs, that equates to about $260.7 billion.
That is the best realized revenue for the reason that 2016–2017 bull run, when long-term buyers booked beneficial properties of roughly 3.93 million BTC.
Glassnode famous that the sharp enhance in realized beneficial properties illustrates rising sell-side stress. The agency recommended that buyers seem to capitalize on Bitcoin’s current rally by lowering their publicity to the highest crypto after months of sustained upward momentum.
Over the previous 12 months, Bitcoin has steadily climbed to new highs, peaking at $124,167 on Aug. 14, in accordance with CryptoSlate’s knowledge. The asset was buying and selling at $110,761 at press time, down practically 11% from that file.
This pullback means that profit-taking has develop into widespread, per prior cycles, through which sturdy rallies have been typically adopted by quieter, much less aggressive phases of market exercise.
