Key Points:

• Current realized profits total less than $750 million daily — significantly lower than the January and July peaks of $2 billion, with Bitcoin fluctuating between $116,000 and $122,000.
• The majority of profits are being claimed by long-term holders, with short-term holders only sporadically capitalizing during market rallies.

As highlighted by Glassnode, while Bitcoin’s price approaches historical highs, profit realignment among investors has lagged, suggesting a potential upward trajectory if trends remain stable. Recent data suggests that holders across the spectrum are not eager to realize their profits despite rising prices. Should this pattern continue, it could well foster enough momentum for Bitcoin to reach new all-time highs.