Summary
- After Bitcoin’s price surpassed $107,000, analysis indicated that most investors have entered a profit zone.
- Glassnode stated that the average investor has an unrealized profit margin of about 125%, and the total unrealized latent profit in the market reaches $1.2 trillion.
- It was explained that long-term holders continue to accumulate Bitcoin, and market participants view the current price as an intermediate point, not a peak.
Recently, following the surge in the price of Bitcoin (BTC) past $107,000, analysis indicates that the majority of investors have entered into a state of unrealized profit.
According to cryptocurrency-focused media outlet Coindoo on the 4th (local time), the on-chain analytics firm Glassnode stated in a research report, "Currently, the average investor is recording about a 125% unrealized profit margin. The total (unrealized) latent profit across the entire market is approximately $1.2 trillion."
Glassnode assessed that there has not been a noticeable increase in selling pressure even after entering the profit zone. The report diagnosed, "Long-term holders are actually continuing to accumulate Bitcoin, and all on-chain indicators, including realized profits, are showing a downward trend." This suggests that market participants perceive the current price not as a peak but as an intermediate point, and expect higher prices in the future.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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