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Most Bitcoin Investors Now Deep in Profit, Glassnode Reports

  • The average Bitcoin investor is now sitting on a 125% unrealized gain, totaling $1.2 trillion in paper profits across the market.
  • The market bounced off the $98,300 level, a key threshold, indicating a shift from bearish to bullish market trends, restoring confidence among newer investors.
  • Long-term holders are accumulating Bitcoin instead of cashing out, with metrics like Liveliness and realized profits decreasing, suggesting expectations for higher valuations in the future.
  • Supply held by long-term investors has hit a new record high, indicating growing conviction from both seasoned and newer investors, as Bitcoin's market cap reaches $2.13 trillion.

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