Crypto Analytics Firm GlassNode says that most Bitcoin (BTC) holders are making significant returns on their investments.
GlassNode said in a new report that the “super majority of Bitcoin investors” now holds unrealized profits after the flagship cryptocurrency recovery reaches $107,000.
The average paper profit for holders is 125%.
“After finding solid support at a short-term holder cost base of $98,300, which is a level that depicts the local bull and bear regime, Bitcoin has rebounded to $107,000.
Dominant market behavior suggests that investors are unlikely to win profits. The current price levels appear less attractive for profit than when Bitcoin violated the three-digit mark.
“Despite this surge in profitability, investors' actions show a strong preference for Hadling as the current price range appears to be insufficient to generate significant returns, which is reflected in the decline in realized profits, a vibrant and continuous downtrend, and the ongoing supply of long-term holder supplies.”
Bitcoin's market capitalization, taking into account the current market price of digital assets, is currently $2.13 trillion. The BTC realization cap is fixed at $958 billion, with each coin valuing at the final transaction price.
The flagship Crypto Asset is trading at $108,834 at the time of writing, an increase of 2.97% over the past 24 hours.
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