Bitcoin Is Back in Full Profit Mode Across All Wallets

• Every Bitcoin holding group is now in unrealized profit, marking a full-chain return to green across all UTXO age bands.
• Long-term and short-term holders are both accumulating, with exchange reserves declining and whale dominance continuing to rise.

After weeks of seemingly calm on-chain, the day has finally come. Bitcoin has officially re-entered a phase where all of its holders—both short and long—are sitting pretty on unrealized gains. On-chain data shared by analyst Carmelo Aleman states that there is now no single group of coin holders recorded as being in the red. All green. All profit.

The main source comes from UTXO (Unspent Transaction Outputs) data classified by holding age—from those who just bought yesterday, to those who have held for more than a year. Usually, among these groups, there are always those who are still in the red.

But yesterday, right when Bitcoin hit the $98,138 range at 02:15 UTC, the last group that was previously stuck—namely, 3-6 month holders—finally smiled. Their realized price, which was at $98,102, was finally covered by the market price. Since then, the entire Bitcoin network has returned to the total profit zone.

Massive Accumulation and the Role of Big Players

What makes it interesting is that this moment did not appear suddenly. Since early March 2025, long-term holders aka LTH (Long-Term Holders) have been quietly adding to their savings. Data from Glassnode noted that more than 250,000 BTC entered their wallets, bringing their total holdings to 14 million BTC.

Those who usually sell—STH or short-term holders—have started to buy too. In the past week alone, they have added more than 25,000 BTC.

On the other hand, whale wallets are also getting greedier. CryptoQuant data shows that new generation whales now hold more BTC than old holders, with an average purchase price of around $91,922. It’s scary and delicious indeed.

Especially when we remember that BTC reserves on exchanges are also dwindling—down 2.5% in the past two weeks. This lack of supply is often considered a bullish signal. Just imagine if supply is getting scarcer, but demand continues to rise—similar to fighting over iftar food at the complex mosque.

Global Eyes on Bitcoin

Furthermore, analysts from Standard Chartered even apologized for previously only predicting Bitcoin prices to be stuck at $120,000. He said that the projection should have been raised to $200,000.

Meanwhile, out there, as we previously reported, Russian parliamentarians predict that global geopolitical tensions could trigger a surge in demand for BTC. It can be said that it’s not just crypto investors who are eyeing BTC now—politics are starting to involve big names.

Meanwhile, as of press time, BTC is swapped hands at about $103,231.21, up 6.84% over the last 7 days and 25.66% over the last 30 days.

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