Bitcoin Holders Realizing $139 Million In Profit Per Hour This Rally, Report Says
Bitcoin investors have recently realized profits 17% above the baseline, according to Glassnode. The "Realized Profit" measures total profits from BTC sales, calculated by comparing sale prices to previous transfer prices. A recent spike in this indicator reached $139 million per hour, surpassing the baseline of $120 million. This increase coincides with a Bitcoin rally, indicating investors are cashing in on opportunities. The short-term holder cohort, those who purchased BTC within the last 155 days, is primarily responsible for this profit-taking. The Spent Output Profit Ratio (SOPR) for short-term holders remains above 1.0, indicating profit-taking exceeds losses. Bitcoin's price is approximately $94,600, reflecting a nearly 12% increase over the past week.
