Investors have accumulated hundreds of billions of dollars in unrealized profits on Bitcoin (BTC) as the crypto king hovers just below the all-time high, according to analytics platform Glassnode.
The analytics platform says Bitcoin investors are sitting on $1.2 trillion in unrealized profits as “HODLing remains the dominant behavior.”
“Despite this surge in profitability, investor behavior signals a strong preference for HODLing, as the current price range appears insufficient to trigger significant profit-taking. This is reflected in declining realized profits, a continued downtrend in Liveliness, and Long-Term Holder supply climbing to a new all-time high.”
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Liveliness is an on-chain indicator that is used to determine the holding behavior, with a decrease suggesting Bitcoin is being held for longer periods and vice versa.
The Long-Term Holder
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