The latest report from Glassnode indicates that the majority of Bitcoin investors are now sitting on substantial unrealized profits, signaling a restoration of confidence in the market.
Unrealized Gains of Investors
Glassnode reports that the average Bitcoin investor is now up by 125% in unrealized gains, with total paper profits across the market estimated at $1.2 trillion.
Calm Reaction to Profit Surge
It is noteworthy that the market is responding calmly to the surge in profits. Long-term holders continue to accumulate BTC, with metrics like Liveliness and realized profits trending downward. This behavior suggests that investors perceive current prices as a midpoint, rather than a peak.
Record Holdings by Long-term Investors
Glassnode also emphasizes that the supply held by long-term investors has reached a new record high. With a $2.13 trillion market cap and a realized cap of $958 billion, Bitcoin seems to be entering a new phase of maturity.
These findings indicate increased conviction from both seasoned and newer investors, which may signal the potential for a new rally in the Bitcoin market.
