Bitcoin Holders Realize $3.5 Billion in Profits in 24 Hours, Led by Long-Term Investors

On July 15, Bitcoin investors collectively realized a substantial $3.5 billion in profits over a 24-hour period, according to data from Glassnode. This significant profit surge highlights robust market activity, with long-term holders accounting for approximately 56% of gains, totaling around $1.96 billion. Meanwhile, short-term holders contributed the remaining 44%, realizing profits near $1.54 billion. This event marks one of the most notable profit-taking days for Bitcoin in 2024, underscoring the strategic positioning of long-term investors amid current market dynamics. Such data provides valuable insights into investor behavior and market sentiment, reinforcing Bitcoin’s role as a key asset in diversified portfolios.