๐ Bitcoin investors are having a blast this year, with BTC trading at multi-year highs of $50.2k, and a YTD return of +18.5%! ๐ With the market inching closer to its all-time high, only 13% of the global total supply is held in loss, making the majority of investors profitable. ๐ฐ
Long-Term Holders (LTH) have transacted around 148k BTC since November, possibly signaling a shift in investor behavior as some start to take profits. ๐ On the other hand, Short-Term Holders (STH) experienced a healthy reset after the ETF sell-the-news correction, with their supply in profit falling to retest the all-time average of 57.5%. ๐
As the market continues to rise, a super majority of BTC is now in a profitable state, and we might see more LTHs taking chips off the table. ๐ฒ Keep an eye on the market and stay tuned for more exciting updates! ๐ง