๐ฎ Bitcoin (BTC) investors locked in a whopping $3.5 billion in profits in just 24 hours, according to the crypto analytics firm Glassnode. That’s enough to buy a small country or at least a lifetime supply of avocado toast! ๐ฅ
Long-term holders took $1.96 billion (~56%) of the profit, while short-term holders took $1.54 billion (~44%). Glassnode defines long-term holders as entities that have held their Bitcoin for at least 155 days. ๐ฐ๏ธ
After a month of distribution, wallets holding less than one BTC have begun to show early signs of returning to accumulation, suggesting that retail investors are piling on Bitcoin. ๐ฆ
“The 1,000โ10,000 BTC cohort continues to lead accumulation (~0.9), while >10,000 BTC holders remain in distribution (~0.3). 100-1,000 BTC distribute the most aggressively.”
BTC is trading at $117,915 at the time of writing and is down nearly 2% in the past 24 hours. The top-ranked crypto asset by market cap set new all-time highs in US dollar terms on Thursday, Friday, Sunday, and Monday, when it hit $122,838. ๐
Glassnode notes, however, that Bitcoin is still shy of its all-time highs in terms of gold and the Swiss franc (CHF). ๐ฅ
“But versus gold, itโs now at the highest level since early February โ after outperforming consistently since June 2022.”
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2025-07-16 22:02