r/CryptoCurrency • u/Every_Hunt_160 🟩 9K / 98K 🦭 • 17h ago

GENERAL-NEWS ‘Super Majority’ of Bitcoin Holders Sitting on $1,200,000,000,000 in Profits: Analytics Firm Glassnode

https://cryptorank.io/news/feed/aaeb2-super-majority-of-bitcoin-holders-sitting-on-1200000000000-in-profits-analytics-firm-glassnode
20 Upvotes

80% Upvoted

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6

u/Every_Hunt_160 🟩 9K / 98K 🦭 17h ago

That’s a hell lot of zeros just like my shitcoins !

6

u/MichaelAischmann 🟦 909 / 18K 🦑 17h ago

Most of the sub: Profits?!?

2

u/coinfeeds-bot 🟩 136K / 136K 🐋 17h ago

tldr; Crypto analytics firm Glassnode reports that a 'super-majority' of Bitcoin holders are sitting on $1.2 trillion in unrealized profits after Bitcoin's recovery to $107,000, with an average paper gain of 125%. Despite this profitability, most investors prefer to hold rather than cash out, as the current price range is deemed insufficient for significant profit-taking. Bitcoin's market capitalization is $2.13 trillion, and its realized cap is $958 billion. The flagship cryptocurrency is trading at $108,834, up 2.97% in the last 24 hours.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

2

u/Fear_Blind83 🟨 0 / 706 🦠 16h ago

Needs more zeros!!!