Long-Term Bitcoin Holders Report Average Profit of 220%

CryptoQuant analyst Darkfost reports that long-term holders of Bitcoin currently have an average unrealized profit of 220%, a level not seen since the October 2024 market dip. This figure is lower than previous peaks, indicating many holders purchased at higher price levels.

Profit Levels Compared to Historical Peaks

In March 2024, the MVRV ratio reached 300% when Bitcoin was at $74,500.
In December 2024, it peaked at 350% with Bitcoin priced at $108,000.
The current gain of 220% shows that long-term holders bought at an average cost of $33,800.

Price Targets for Higher Profits

To reach a 300% profit, Bitcoin needs to rise to $135,200.
A price of approximately $154,400 would restore a 357% profit level.

Historically, long-term holders experienced unrealized profits of 4,000% during the December 2017 peak and 1,230% in April 2021. Current trading price stands at $106,750, showing stability over the last 24 hours.

Lower profit margins may reduce selling pressure among long-term holders, potentially enabling further price increases. However, on-chain data must be assessed alongside broader market dynamics, as external factors can influence price movements.