According to the latest report published by Crypto Analysis company Glassnode, Bitcoin $109,658.18 Most of the investors are currently making significant profits in their investments. According to the statements, Bitcoin’s price rose to $ 107,000, most investors achieved a remarkable return. The report said that the average paper earnings in the hands of investors are around 125 percent.
Movement and Investor Behavior in Bitcoin Price
Glassnode analysts, Bitcoin’s short -term owners, the cost base of the $ 98,300 level of support by finding support. It is stated that this level is considered as a distinction between bull and bear movements in the market. With the rise of Bitcoin price, investors have reached the expected profitability again.
The company records that the total profits of unrealized profits have reached 1.2 trillion dollars. In spite of this rise, it is observed that most of the investors tend to protect their positions instead of in cash. This tendency manifests itself in a decrease in the amount of profit sold and the amount of bitcoin in long -term investors reached a record level.
Glassnode: “Despite this increase in profitability, investors continue the HODL strategy. The current price range is not seen at a level that triggers significant profit sales. This situation is observed in decreasing profits, the downward movement of the vitality rate and in reaching new levels of long -term owners.”
Market values and current prices
According to the current data, the market value calculated over the circulating supply of Bitcoin is around $ 2.13 trillion. The realized market value is calculated according to the value that each Bitcoin changed the last hand and is expressed as 958 billion dollars. According to the price data, Bitcoin is traded for $ 108,834 at the time of the news. In the last 24 hours, the increase rate is recorded as 2.97 percent.
Experts predict that the price should rise to more attractive levels in order to increase the price after the price rises to three -digit levels. In other words, it is observed that most investors maintain their positions despite their current profit under the current market conditions.
Effect of long -term investors
The report points out that long -term investors in the Bitcoin market have such a high supply for the first time. It is considered that the decrease in sales pressure and the collection of supply in long -term owners may have a stability effect on the price in the short term.
Furthermore, the size of the total unrelated profit obtained is presented as an indicator of the positive atmosphere in the market. According to analysts, Bitcoin’s tendency to protect the existence of long -term investors and general conservatism in the market also supports price performance.
In the light of recent movements in the market, it is understood that the majority investing in Bitcoin has made significant profits, while the desire of these investors to sell their assets is currently observed at a low level. According to expert comments, an increase in long -term strategies may play an important role in providing a relative balance in the price. The existing data reveals that the difference between realized and unrealized market value should be closely monitored to understand investor behaviors.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
