During the past five days, Bitcoin
has risen from $ 116,000 to just over $ 122,000 before retiring to the current $ 119,000. Despite this price movement, profit income has remained muted, on average less than $ 750 million per year. Day on year to date.
For perspective, Glassnode data shows that when Daily realized the profits in January were about $ 2 billion, with similar spikes in July, when Bitcoin reached its highest height of $ 123,000.
Glassnode’s realized profithmetic measures the total profit from all used coins where the sale price exceeded the acquisition price. When they are divided by long -term holders (Lth) and short -lived holders (Sth)It offers a more granular view of market behavior. This classification is based on the weighted average acquisition date, where the LTH supply is defined as holdings aged more than approx. 155 days.
The data reveals that LTHS has consistently realized far more profits than sths. An exception happened in July when STH realized the surplus was spiked when Bitcoin hit its high time. Many of these short -term winnings probably came from investors who bought during the “Tariff Tantrum” sale “when Bitcoin dropped to $ 76,000.
The current low level of realized profits, especially compared to previous market tops, is encouraging to Bitcoin’s Bullish Outlook. It suggests that holders, both the long and short term, largely refrain from locking gains despite the recent price increases. If this trend persists, it can give the market the stability and momentum needed to push against new all-time highs.
