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.