{"id":3376,"date":"2024-11-27T15:31:58","date_gmt":"2024-11-27T15:31:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3376"},"modified":"2024-11-27T15:31:58","modified_gmt":"2024-11-27T15:31:58","slug":"long-term-bitcoin-holders-locking-in-2-02-billion-in-daily-realized-profits-setting-a-new-record","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3376","title":{"rendered":"Long-Term Bitcoin Holders Locking In $2.02 Billion In Daily Realized Profits, Setting A New Record"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong>&#8216;s (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) long-term holders are <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42211674\/bitcoin-at-93000-crash-or-pause-bullish-outlook-for-2025-says-10x-research\">cashing in like never before<\/a>, realizing an unprecedented $2.02 billion <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42192364\/bitcoin-correction-could-go-as-deep-as-88700-but-125000-year-end-target-remains-in-play-says-standard-chartered\">in daily profits<\/a>, according to a Glassnode report published on Tuesday.<\/p>\n<p><strong>What Happened: <\/strong>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.<\/p>\n<p>The <a href=\"https:\/\/insights.glassnode.com\/the-week-onchain-week-48-2024\/\">report<\/a> highlights that long-term holders (LTHs) have distributed over 507,000 BTC since September, leveraging recent price rallies to lock in gains.<\/p>\n<p>&#8220;Long-Term Holders are currently realizing a massive $2.02B in realized profit per day,&#8221; Glassnode states, adding that the robust demand side has been crucial in absorbing this increased sell-side pressure. <\/p>\n<p>However, this level of profit-taking raises questions about market sustainability as Bitcoin navigates its latest bull run.<\/p>\n<p>Interestingly, the composition of &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42216782\/long-term-bitcoin-holders-lock-in-202-billion-in-daily-realized-profits-setting-a-new-reco\" alt=\"Long-Term\" bitcoin holders locking in billion daily realized profits setting a new record>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8216;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. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3376","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3376"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3376\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}