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Glassnode Glassnode @glassnode · 44.1K subscribers
Post #843 14.3K
One way to gauge the profitability of the market for any specific cohorts of Bitcoin investors is to leverage their on-chain cost basis and compare it with the spot price.

🔵 Long-Term Holders = $20.7K
🔴 Short-Term Holders = $45.8K
🟠Market Realized Price = $24.4K

With price trading at $68k, the long-term holders are, on average, sitting on an unrealized profit of ~228%.

Discover more in the latest Week On-Chain below 👇
https://glassno.de/3wD4W78
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