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Bitcoin’s 2nd Most Profitable Cycle Ever

Long-term holders realize $362B profit as Bitcoin enters late-cycle phase, says Glassnode.

  • Bitcoin holders have realized $362B in profits this cycle.
  • This is the second-highest profitable cycle in Bitcoin’s history.
  • On-chain data suggests we may be in a late-stage bull run.

Bitcoin’s ongoing bull cycle has officially become the second-most profitable in history, according to new data from Glassnode. Long-term holders have realized a staggering 3.27 million BTC in profits, equivalent to around $362 billion at current prices. These realized gains are a key metric indicating the health and maturity of a Bitcoin market cycle.

Glassnode defines “realized profit” as the difference between the price when BTC was acquired and when it was sold. The fact that long-term holders are locking in such large profits suggests they’ve been holding through previous lows and are now capitalizing on the uptrend.

What This Means for the Bitcoin Cycle

This sharp increase in realized profits could be a sign that Bitcoin is entering the late stage of its current cycle. In past cycles, large-scale profit-taking by long-term holders has typically occurred near the top, when market optimism is high and prices are peaking.

However, it’s important to remember that while this may indicate a maturing cycle, it doesn’t necessarily mean an immediate end to the bull market. Many cycles have shown extended periods of sideways or even upward movement after such profit-taking events.

Historical Comparison Highlights Bullish Momentum

Only one cycle in Bitcoin’s history—2017—has seen higher realized profits. This current cycle’s strong performance reaffirms investor confidence and the growing maturity of the Bitcoin market. As adoption increases and institutional interest holds strong, even the late stage of a cycle can offer significant opportunities for both long- and short-term investors.

For now, all eyes will remain on market signals and on-chain behavior to gauge whether the top is near—or if more gains are still to come.

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Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.

Aurelien Sage

Aurelien Sage is a blockchain enthusiast and writer, crafting insightful articles on decentralized technologies, Web3, and the future of finance. His work simplifies complex concepts, empowering readers to navigate the evolving crypto landscape with confidence.

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