Amid rising Bitcoin prices, investors show caution, preferring to hold onto their assets.
Profiling Bitcoin Holders
Data shows the average unrealized profit per investor is currently around 125%. This is a drop from March's peak of 180% when Bitcoin hit $73,000. However, daily realized profits remain muted at about $872 million, significantly lower than the multi-billion-dollar spikes seen in past rallies.
Long-term Strategies Among Investors
Statistics from Glassnode indicate that accumulation is dominating the market: most holders are simply holding tight rather than selling into strength. Analyst Rezo points out a shift in Bitcoin ownership, where institutional investors and ETFs are increasingly treating BTC as a long-term strategic asset. This includes firms like MicroStrategy, which increased its holdings by 18% last quarter.
Conclusion on Current Market Trends
Rezo believes that most short-term profit-chasers already exited between $70K and $100K. What remains are allocators—not speculators—who view Bitcoin less as a trade and more as a macro thesis.
The Bitcoin market is experiencing a clear shift in investment approaches, with long-term strategies becoming more prevalent among investors, while quick trades fade into the background.
