Bitcoin investors realize $1 billion in profits in a single day... Majority are long-term holders
Summary
- Glassnode announced that Bitcoin investors realized profits amounting to $1 billion over the past 24 hours.
- Of the realized profits, 35.8% came from long-term holders of 7-10 years, which is reported as a very rare phenomenon.
- Investors who held for 1-2 years also realized profits of $93 million, highlighting a significant signal for investor moves.
It was found that Bitcoin (BTC) investors realized profits totaling $1 billion (about ₩1.4 trillion) over the past 24 hours.
On-chain analytics firm Glassnode announced via its official X account on the 6th that “Bitcoin holders realized over $1 billion in profits in the past 24 hours.” Glassnode explained, “About 35.8% (worth $362 million) of the realized gains came from long-term investors who have held Bitcoin for 7-10 years,” and added, “This is a very rare occurrence and could mean either internal transfers or actual liquidation.”
There were also a significant number of short-term holders realizing gains. Glassnode stated, “Of the realized profits, $93 million came from investors who held Bitcoin for 1-2 years,” and emphasized that “this is also a noteworthy case of profit realization.”
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul![[Market] Bitcoin slips below $77,000…Ethereum also breaks below $2,300](https://media.bloomingbit.io/PROD/news/f368fdee-cfea-4682-a5a1-926caa66b807.webp?w=250)
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