Bitcoin’s climb back above $107,000 has pushed the majority of holders into the green, according to a new analysis by crypto data firm Glassnode.
The report estimates that the average investor is now sitting on a 125% unrealized gain, with total paper profits across the market reaching an estimated $1.2 trillion.
The rebound followed a bounce off the $98,300 level, a historically important threshold that often marks a shift between bullish and bearish market regimes. Glassnode describes this level as the cost basis for short-term holders, suggesting that the recent price action has helped restore confidence among newer investors.
What’s more telling, however, is the market’s calm response to the surge in profits. Instead of rushing to cash out, long-term holders are continuing to accumulate BTC, with metrics like Liveliness and realized profits trending downward. This behavior signals that investors are seeing current prices as a midpoint, not a peak—suggesting expectations for even higher valuations in the near future.
Glassnode also highlights that the supply held by long-term investors has reached a new record high, further reinforcing the idea that market participants are positioning for the next leg up. With a $2.13 trillion market cap and a realized cap of $958 billion, Bitcoin appears to be entering a new phase of maturity, backed by growing conviction from both seasoned and newer participants.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is passionate about questions of meaning. He is a fluent German speaker as well as He has been in the crypto space for more than three years and has an eye for spotting emerging trends in the world of digital currencies. Whether providing in-depth analysis or reporting on all topics on a daily basis, his deep understanding and enthusiasm for what he does makes him a valuable addition to the team.
Source: https://coindoo.com/most-bitcoin-investors-now-deep-in-profit-glassnode-reports/