Long-Term Bitcoin Holders Locking In $2.02 Billion In Daily Realized Profits, Setting A New Record
Bitcoin‘s (CRYPTO: BTC) long-term holders are cashing in like never before, realizing an unprecedented $2.02 billion in daily profits, according to a Glassnode report published on Tuesday.
What Happened: This new all-time high (ATH) surpasses the previous record set in March 2024, showcasing the intensity of profit-taking as Bitcoin edges closer to the $100,000 milestone.
The report highlights that long-term holders (LTHs) have distributed over 507,000 BTC since September, leveraging recent price rallies to lock in gains.
“Long-Term Holders are currently realizing a massive $2.02B in realized profit per day,” Glassnode states, adding that the robust demand side has been crucial in absorbing this increased sell-side pressure.
However, this level of profit-taking raises questions about market sustainability as Bitcoin navigates its latest bull run.
Interestingly, the composition of …
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