Long-term Bitcoin holders have reached a new milestone by realizing $2.02 billion in daily profits, reflecting heightened market activity.
Record-Breaking Bitcoin Profits
According to a Glassnode report, Bitcoin holders have realized unprecedented profits of $2.02 billion a day, surpassing the previous record set in March. Analysts note that a robust demand is needed to fully absorb this volume.
Long-Term Holders' Sales
Since September, long-term holders have sold over 507,000 BTC. Data suggests most transactions involve coins acquired relatively recently, with an average age of around six months, revealing diverse strategies among holders.
Activity Growth and New Trends
The current Bitcoin bull market has driven a surge in on-chain activity, with daily active addresses nearing one million. IntoTheBlock data shows significant activity growth, though this does not necessarily indicate a rise in user numbers, as many addresses belong to exchanges and other platforms.
The upsurge in Bitcoin prices and activity continues to capture attention, creating new opportunities and challenges for investors and analysts.
