TGViewer
Glassnode Glassnode @glassnode · 44.1K subscribers
Post #1019 14.2K
The Week On-Chain 51, 2024
Bitcoin continues trading above the psychologically important $100k price level, supported by a consistent inflow of capital. Long-Term Holders are capitalizing on this liquidity, taking the opportunity to distribute supply at scale, setting a new ATH in profit realized of $2.1B.

Executive Summary
- Bitcoin’s price trajectory shows striking similarities across cycles despite vastly different market scales and dynamics.

- With price trading above $100k for weeks, Long-Term Holders are distributing supply, setting a new ATH in realized profit of $2.1B.

- Most profit-taking comes from coins aged 6m-12m, while older coins remain relatively dormant.

- New investors now hold a larger share of network wealth, reflecting robust demand and a shift away from longer-term HODLers.

Read more in The Week On-Chain newsletter.
Open in Telegram All posts from @glassnode
More from @glassnode
  1. Oct 4, 2026$BTC's largest overhead liquidation cluster sits near $90k. If price touches this level, l…
  2. Oct 4, 2026$BTC long-term holders stayed in profit this entire cycle. No bear market since at least 2…
  3. Oct 3, 2026The market repriced the odds of an October Fed hike from 66% to 22% this week. Here is our…
  4. Oct 3, 2026$BTC investors that bought the top are currently selling. Two cohorts sit underwater: buye…
  5. Oct 2, 2026Sellers stepped aside and $BTC ran higher. The asks at $85k were partly filled and the res…
  6. Oct 1, 2026The sell wall over $BTC has gone. Buyers took out the $85k wall yesterday, after almost a…
Threads Profile ViewerView any public Threads profile without an account.Open ThreadLook →Writing with AI? Make it sound human.Metric37 rewrites AI drafts so they read naturally. Free AI detector, 1,500 words free.Try Metric37 →