Year-to-date transfer volume by long-term Bitcoin holders with unrealized profits increased nearly 2,000% to $489 million

Glassnode data shows that the transfer volume of profitable long-term Bitcoin holders has increased dramatically this year, up nearly 2,000%. The transfer amount of these holders who are currently in a state of floating profit has increased dramatically from US$25 million at the beginning of the year to US$489 million at present.

Despite this significant increase, it is still 71.4% lower than the peak of $1.74 billion during the 2021 bull run. Among them, investors who hold Bitcoin for 6 to 12 months appear to be the most active group, with their trading volume three times that of all other long-term holders who hold Bitcoin for at least a year. (U.Today)