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Long-Term Bitcoin Holders Realize 3.4 Million BTC in Profits

Glassnode data shows historically high cumulative gains by long-term holders, surpassing figures from previous Bitcoin market cycles.

BTC

Summary

Glassnode reports that long-term Bitcoin holders have realized 3.4 million BTC in profits so far in the current cycle, marking an unprecedented volume compared to prior cycles. This metric measures cumulative profits from the cycle’s all-time high to its peak, highlighting significant gains among long-term investors.

Terms & Concepts
  • Long-Term Bitcoin Holders: Investors who have held Bitcoin for an extended period, typically over 155 days, often seen as less likely to sell during market volatility.
  • Cumulative Profits: The total aggregated gains realized from selling assets during a period, capturing the overall profit across multiple transactions.
  • Bitcoin Market Cycle: The recurring pattern of growth, peak, decline, and recovery in Bitcoin prices, influenced by investor sentiment, adoption, and macroeconomic factors.