Bitcoin Surge Sparks Short-Term Profits, Net Realized Profit Hits $647M

With Bitcoin’s recent surge past the $52,000 mark, the cryptocurrency market has witnessed significant activity, especially among short-term holders. Data reported by Glassnode on the X platform reveals that these holders quickly seized the opportunity, recording a notable Net Realized Profit of over $647 million. This earnings growth is the highest since 2021 peak.

https://blockchainreporter.net/bitcoin-surge-sparks-short-term-profits-net-realized-profit-hits-647m/

2 thoughts on “Bitcoin Surge Sparks Short-Term Profits, Net Realized Profit Hits $647M”

  1. The ETFs are bringing enormous amounts of money to BTC. There are rumours of Schwab applying for their own BTC ETF as well as Hong-Kong BTC ETF which should bring money from Chinese investors. Great news all around!

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