Bitcoin’s price is climbing again, hitting over $106,000. This isn’t just good news for everyone; it’s especially great for long-term Bitcoin holders (LTHs). Their profits are soaring, as shown by a huge jump in their “realized capitalization.”
Long-Term Holders are Making Bank
After a small dip, Bitcoin’s price has bounced back strongly. Market expert Kyle Doops noticed something interesting: long-term holders aren’t selling. In fact, he pointed out that the realized cap for LTHs – basically, the total value of their coins based on the last time they moved them – has hit a record high, exceeding $37 billion. This shows that these seasoned investors are confident in Bitcoin’s future and are holding onto their investments. This isn’t a panic sell-off; it’s a sign of strong belief.
The Bigger Picture: Overall Bitcoin Realized Cap Hits Record High
This isn’t just about LTHs; the overall realized capitalization for Bitcoin is also at an all-time high. On-chain analyst Carmelo Aleman reported that it hit a staggering $934.88 billion. This massive increase shows strong buying pressure and growing investor confidence. If this trend continues, Bitcoin could easily break its previous all-time high and go even higher.
In short, long-term Bitcoin holders are doubling down, and that’s a very bullish sign for the future of Bitcoin’s price.
