Bitcoin Speculators Reach $100,000 Average Buy-In Price Amid Market Volatility
Bitcoin investors have reached a significant milestone, with short-term holders now averaging a $100,000 buy-in price according to data from blockchain analytics firm Glassnode. This development comes as market participants realize substantial profits, with $3.5 billion in gains taken within a single day.
Increased Profit-Taking Activity
The latest data reveals both short-term and long-term holders are capitalizing on recent price movements. Glassnode reports that combined profit-taking reached approximately $3.5 billion during a 24-hour period ending Tuesday morning Eastern Time.
- Markets experience one of the largest BTC profit-taking events this year
- Long-term holders account for majority of realized profits
Notable Whale Activity
A previously dormant wallet containing 80,000 BTC transferred half its holdings to cryptocurrency firm Galaxy Digital, signaling significant profit-taking among major holders. Current market conditions show nearly all Bitcoin supply is currently in profit.
Market Outlook and Stability Indicators
“While we’re seeing increased activity from short-term holders, the market continues to demonstrate stability through the strong presence of long-term investors,” analysts at Glassnode noted in their latest market report.
