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.”
Follow us on X, Facebook and Telegram
Don’t Miss a Beat โ Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Read More
- Violence District Killer and Survivor Tier List
- Jujutsu Kaisen Season 3: Get Ready for Epic Battles Like Never Before!
- All Data Pad Locations (Week 1) Destiny 2
- Gold Rate Forecast
- Unleash Devastation: Top Rupture Teams to Dominate in Limbus Company!
- Top 8 UFC 5 Perks Every Fighter Should Use
- Top 7 Custom Maps in 7 Days to Die You Need to Play Now
- USD COP PREDICTION
- Demon Slayer: Infinity Castle Part 2 Release Date: What to Expect
- EUR AUD PREDICTION
2025-07-16 22:02