Bitcoin short-term holders reap $1.8 billion in profits over 48 hours

2023-11-9 17:03

Quick Take

Over the 48-hour period of Nov. 7 and 8, short-term holders, specifically those who have maintained their Bitcoin investments for less than 155 days, have extracted a staggering $1.8B in profits. This massive profit-taking marks one of the highest volumes observed this year, rivaled only by instances such as the aftermath of the SVB collapse, the ascent to $30k in June, and a recent surge when Bitcoin began its climb from a low of $25,000.

Transfer Volume from short-term holders in profit to exchanges (Source: Glassnode)

The supply of Bitcoin among these short-term holders currently sits at about 2.3M BTC, showcasing a continual decline.

Supply held by short-term holders: (Source: Glassnode)

At the same time, records show a minimal short-term holder supply in loss, reaching a low of 400 BTC. This relatively insignificant figure underscores that virtually all investors within this short-term cohort are holding onto profits. Such a trend of massive profit-taking may reflect a careful approach from these investors, possibly an attempt to safeguard their returns amidst market volatility or as a strategy to leverage high market values.

Total Supply Held in loss held by short-term holders: (Source: Glassnode)

The post Bitcoin short-term holders reap $1.8 billion in profits over 48 hours appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 69876.8 (+0.42%)
Объем 24H $45.053b
Изменеия 24h: 2.42 %, 7d: -3.81 %
Cегодня L: $66916.68 - H: $70054.19
Капитализация $1382.263b Rank 1
Цена в час новости $ 36368.9 (92.13%)

bitcoin profits short-term holders investments less maintained

Источник: cryptoslate.com

bitcoin profits → Результатов: 126


Фото:

How Do Traders Short Bitcoin With Bexplus

How Do Traders Short Bitcoin? 3 Ways to gain profits on Bitcoin price falls Register on Bexplus via this link and get a permanent 10% trading fee discount. Bitcoin and cryptocurrency markets were suddenly sold off on December 17-18: the world’s largest crypto lost around $400 in price and dived deeply below the important psychological […] The post How Do Traders Short Bitcoin With Bexplus appeared first on BeInCrypto.

2020-1-1 14:03


Binance Research Indicates HODLing Bitcoin Is the Most Effective Strategy To Increasing Profits

Binance Research says that HODLing Bitcoin is the best strategy and they may just be right, considering Bitcoin mostly goes up only a few days a year. When in doubt? #HODL. Not holding #Bitcoin on Dec, 7 2017 means you would have missed its largest daily absolute gain of $3,608 (25%). The chart below (from […]

2019-11-15 21:35


Brazil’s Atlas Quantum, a Bitcoin Trading Firm, Has 1 Day to Give Back Investors’ Money Over $250K of BTC

A court in Brazil has given 24 hours for a company operating in automated bitcoin to refund the money to the two investors it has. In the past few years, Atlas Quantum platform as allegedly faced a lot of difficulties withdrawing funds and making profits since the securities regulator in the country took strict action […]

2019-10-30 01:03


Australian Federal Police Take Hold of Artillery Dealer’s Bitcoin, Flip into Major Profits

Drug cartels and other criminal activities are mostly associated with Bitcoin trading. This is to raise funds to enhance their criminal activities. In the event, however, when the police confiscate $BTC from these illegal activities, where do they go? In Australia, for instance, it’s has been disclosed that in one scenario, the police collected a 20-fold […]

2019-10-25 00:21


Bitcoin’s descending channel highlights possible return of the bulls

The volatility and unpredictable nature of cryptocurrencies is one of the most sought after, but equally frowned upon characteristics of the crypto-market. On a good day, investors can yield up to 50 percent in profits on their crypto-investments, whereas on a bad evening, there is a chance their positions could lose all their value.

2019-10-5 20:30


Bitcoin’s possible fakeout that might have gone unnoticed may come back to haunt

Bitcoin, as everybody is witnessing, is stuck in a pattern for over 3 months now, especially since it hit a peak of $13,800 on June 26. This traversing of price in the pattern has been a godsend for traders who know what they are doing; it was a good time to make some profits; it […] The post Bitcoin’s possible fakeout that might have gone unnoticed may come back to haunt appeared first on AMBCrypto.

2019-9-9 18:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Franklin Templeton expands its money market fund to Coinbase’s L2 Base network

Franklin Templeton has extended its OnChain US Government Money Market Fund (FOBXX) to Coinbase’s Ethereum-based layer-2 (L2) Base network. The expansion, announced on October 31, marks the first time a major asset manager has launched on Coinbase’s Base, showcasing Franklin Templeton’s strategic embrace of blockchain technology in traditional finance.

Skyfire raises $9.5m to build AI payment network

Skyfire, a payments platform founded by former Ripple developers, raised $9.5 million in a seed funding round led by Coinbase Ventures and a16z’s Crypto Startup Accelerator. The company focuses on building a payment infrastructure designed for AI agents, which are…