😮 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! 🥑
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. 🕰️
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. 🏦
“The 1,000–10,000 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. 🚀
Glassnode notes, however, that Bitcoin is still shy of its all-time highs in terms of gold and the Swiss franc (CHF). 🥇
“But versus gold, it’s now at the highest level since early February – after outperforming consistently since June 2022.”
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2025-07-16 22:02