Bitcoin Price Reaches $109,000 While HODLer Profit-Taking Drops 89%
On-chain data indicates that Bitcoin investors holding for over one year are realizing 89% less profit compared to the peak in May, despite similar price levels now.
Key Insights
- The Realized Profit metric measures profits from BTC sales by comparing selling prices to previous purchase prices.
- Current Realized Profit for 1+ year holders is $13.6 million, down from $126 million in late May.
- Investors seem to be holding onto their assets rather than selling, potentially anticipating further price increases.
- Bitcoin's price is currently around $109,100, reflecting a 2% increase over the past week.
