Bitcoin (BTC) Holdings Signal: "The vast majority" of holders are sitting on $1,200,000,000,000 in profits.

The crypto analytics company Glassnode has stated that most Bitcoin (BTC) holders are now seeing significant returns on their investments. In a new report, Glassnode mentioned that after the flagship cryptocurrency rebounded to $107,000, "the vast majority of Bitcoin investors" are currently holding unrealized profits.

The average paper profit for holders is currently 125%. After gaining solid support at the short-term holder cost basis level of $98,300 (typically used to differentiate between local bull and bear market patterns), Bitcoin bounced back to $107,000.

(Source: Glassnode)

This trend has driven most investors to regain profits, with unrealized total gains reaching an astonishing $1.2 trillion.

Mainstream market behavior indicates that investors are unlikely to cash out profits.

The report states that the profit-taking appeal at the current price level seems to have weakened compared to when Bitcoin broke the three-digit barrier.

Despite a surge in profitability, investor behavior indicates that they are strongly inclined to "HODLing," as the current price range seems insufficient to trigger large-scale profit-taking.

This is reflected in the decline of realized profits, the continued decrease in activity, and the supply of long-term holders rising to an all-time high.

The market capitalization of Bitcoin (the circulating supply calculated at current market prices) is currently $2.13 trillion.

The actual market value of BTC (the value of each Bitcoin calculated at the last trading price) is 958 billion USD.