Bitcoin is booming, and most investors are seeing massive gains. According to crypto analytics firm Glassnode, a huge majority of Bitcoin holders are currently in the green.
Massive Unrealized Profits
After Bitcoin’s price bounced back to over $107,000, the average Bitcoin holder is sitting on a 125% paper profit. That translates to a collective unrealized profit of a staggering $1.2 trillion!
Holders Aren’t Selling (Yet)
Interestingly, despite these huge profits, most investors aren’t cashing out. Glassnode’s report suggests the current price isn’t tempting enough for widespread selling. Indicators like declining realized profits and a rising supply held by long-term investors support this.
Bitcoin’s Market Strength
Bitcoin’s market capitalization currently stands at $2.13 trillion, while its realized cap (valuing each coin at its last transaction price) is at $958 billion. At the time of writing, Bitcoin is trading at around $108,834, up nearly 3% in the last 24 hours.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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