Degen

Long-term holders beware of losing their gains.
A new report from analytics firm Glassnode shows that the recent Bitcoin (BTC) bull market has seen a significant transfer of wealth from long-term holders to new investors.

Long-term holders have recognized an average of $2.1 billion in profits per day, and new investors have been absorbing this supply with strong demand.

Bitcoins aged 6 to 12 months account for 38.5% of the total $27.3 billion in gains since November. Despite a 150% price increase in 2024 to a record high of $108,600, Glassnode’s AVIV index suggests that the market has yet to peak.