Dear Reader, it seems that the crypto analytics firm Glassnode has discovered a new breed of aristocrats, not of blood and birth, but of Bitcoin and blockchain. These fortunate souls, who hold the majority of Bitcoin (BTC), are now basking in the glow of substantial gains, as if they were the sun itself.
In a report that reads like a modern-day fairy tale, Glassnode proclaims that “a super-majority of Bitcoin investors” are currently sitting on a mountain of unrealized profits, following the cryptocurrency’s triumphant return to the dizzying heights of $107,000. One can almost hear the sound of champagne corks popping in the background.
These holders, oh so noble, now boast an average paper gain of 125%. One might say they are the new lords and ladies of the digital realm, their wealth so vast that it could make even the most jaded of us pause and reconsider the value of a good, old-fashioned gold coin.
“After finding firm support at the Short-Term Holder cost basis of $98,300, a level that often delineates local bull and bear regimes, Bitcoin rebounded to $107,000. This move pushed the majority of investors back into profit, with total unrealized gains reaching a staggering $1.2 trillion.”
Yet, despite this newfound wealth, these modern-day nobles show no signs of parting with their precious holdings. The report suggests that the current price level is not tempting enough for them to cash out, much like a king who refuses to sell his crown for mere gold. The decline in realized profits, a continued downtrend in Liveliness, and the Long-Term Holder supply climbing to a new all-time high, all point to a steadfast commitment to HODLing.
“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.”
Bitcoin’s market capitalization, a figure that would make even the most extravagant of monarchs blush, currently stands at $2.13 trillion. The realized cap, which values each coin at the last transacted price, is a mere $958 billion, a sum that, in any other context, would be considered a king’s ransom.
At the time of writing, the flagship crypto asset is trading for $108,834, up by 2.97% over the past 24 hours. One can only imagine the smug satisfaction of these holders, their wealth growing with each passing moment, like a garden tended by the most skilled of gardeners.
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2025-07-04 03:07