Bitcoin’s latest price rally has led to significant profit-taking, with $2 billion in daily realized gains. However, not all investors are liquidating their assets.
Profit Surge from Rising Prices
Increased profit-taking has accompanied Bitcoin’s price rise to nearly a record $100,000. Data from Glassnode shows that $443 million in profits were realized across Bitcoin holders on November 22.
Long-Term Holders Show Patience
Known as 'diamond hands', long-term Bitcoin holders have remained calm amid recent surges. They expect further price increases, despite short-term market fluctuations. Coins held for over a year saw relatively minimal profit-taking, especially after the U.S. spot Bitcoin ETF approvals.
Split Market Narrative for Bitcoin
The market environment depicts a split narrative: one group taking profits, another waiting for higher prices. Newer investors locked in gains, while veterans maintained confidence in Bitcoin's long-term value.
Bitcoin's price rise has reignited discussions on profit strategies and market resilience. Despite short-term fluctuations, many see potential for further growth.
