Bitcoin Long-Term Holders Holding 55% Unrealized Profit
New data shows that Bitcoin long-term holders, also known as HODLers, are currently carrying an average unrealized profit of 55%. This information comes from the latest weekly report by Glassnode. The key indicator here is the Net Unrealized Profit/Loss (NUPL), which tracks the difference between the unrealized profit and loss that Bitcoin investors are currently holding.
Understanding Unrealized Profit/Loss
Unrealized profit or loss refers to the profit or loss that has not been realized yet because the investor has not transferred their BTC on the blockchain. It only becomes “realized” once the holder moves the coins.
The Significance of Long-Term Holders
In this context, we focus on the NUPL of long-term holders (LTHs). These are Bitcoin holders who have kept their coins dormant on the network for at least 155 days. LTHs are known for their diamond hands, holding through market ups and downs and only selling during major events.
BTC Price and Market Share
Bitcoin’s price has remained relatively stable around $42,600 recently. While short-term holders have gained some share, LTHs still account for a significant 76.3% of the circulating coin supply.
Hot Take: Bitcoin HODLers Reaping 55% Unrealized Profit
On-chain data reveals that Bitcoin long-term holders are enjoying an impressive average unrealized profit of 55%. This statistic, captured by Glassnode’s Net Unrealized Profit/Loss (NUPL) indicator, signifies the difference between unrealized profit and loss held by BTC investors. Long-term holders, who have kept their coins untouched for at least 155 days, are renowned for their steadfast commitment to the market. Despite short-term holders gaining some market share, long-term holders maintain a significant 76.3% of the circulating coin supply. With Bitcoin’s price hovering around $42,600, these HODLers are reaping the benefits of their patience and conviction.
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