Bitcoin Holders Achieve Record Profits Since 2021

On-chain data indicates that Bitcoin is following a trajectory reminiscent of the 2021 bull run.

Bitcoin Holders Achieve Record Profits Since 2021_65d5cc35ba472.webp

Bitcoin Holders Rejoice as Profits Reach Highest Level Since 2021

Recent on-chain data indicates that Bitcoin is following a trajectory reminiscent of the 2021 bull run, amplifying the excitement among Bitcoin holders. The cryptocurrency’s performance has been nothing short of extraordinary, experiencing a rapid ascent from $23,000 to a remarkable 60% surge within a single quarter, marking a phenomenal comeback. While experts attribute this surge to institutional interest, the narrative extends beyond this factor.

As Bitcoin continues its impressive performance, insights from on-chain and investor data reveal compelling trends that echo those observed during the 2021 bull run. This prompts a pivotal question: Are we on the brink of a new bull run?

The Euphoria of Bitcoin Investors Keeps Growing

In its most recent report, data aggregator Glassnode highlights a notable shift in Bitcoin accumulation across wallets of all sizes since October. The driving forces behind this shift are twofold: Bitcoin’s strong market performance and the rising optimism surrounding the potential approval of a spot Bitcoin ETF.

1701049351

Consequently, this mounting confidence has propelled the percentage of Bitcoin supply in profit to 83% of the total circulating supply. Glassnode considers this a historically significant milestone, surpassing the all-time mean value of 74%. This observation implies that the market is precariously positioned on the cusp of the ‘Euphoric phase’ characteristic of a bull market.

Related: A Whale Pays 83.65 Bitcoins in Transaction Fees for a Relatively Small Transfer

Nevertheless, a crucial nuance emerges before holders can fully embrace the celebration – unrealized profit percentages have yet to reach a statistically significant level concurrent with the heated stages of a bull market. Traditionally, during the Euphoric phase, average holders revel in unrealized profits exceeding 60%, but at present, they stand at 49%.

1701049443

However, Glassnode remains steadfast in asserting that investors are unwaveringly committed to Bitcoin. Long-term holders are reaching unprecedented highs, while short-term holders are dwindling to all-time lows, indicating that the market is poised for captivating developments.

The Significance of These Trends

The anticipation among Bitcoin holders worldwide for a massive breakout is palpable, with aspirations set on the asset reaching $100,000. Numerous factors, including the potential approval of an ETF, the Bitcoin halving, and more, suggest that the stage is impeccably set for Bitcoin’s upward trajectory.

(100 votes)

5.0/5

(100 votes)

Latest

Elon Musk Makes A U Turn, Backs Bitcoin As “energy Cannot Be Faked”

News | Bitcoin | Editor Choice

Elon Musk Makes a U-Turn, Backs Bitcoin as “Energy Cannot Be Faked”

Elon Musk has once again stirred up the crypto community after declaring his renewed support for Bitcoin, claiming its true value lies in “energy — the one thing that cannot be faked.”

‘trump Insider Whale’ Denies Allegations, Opens New Bitcoin Short

News | Bitcoin | Editor Choice

‘Trump Insider Whale’ Denies Allegations, Opens New Bitcoin Short

A crypto whale who made nearly $200 million shorting before last week’s crash has opened a new $340 million Bitcoin short, denying rumors of insider ties to the Trump family.

Bitcoin And Ethereum Rebound After The Largest Single Day Wipeout In Crypto History

News | Bitcoin | Editor Choice

Bitcoin and Ethereum Rebound After “The Largest Single-Day Wipeout in Crypto History”

The cryptocurrency market is staging a recovery after a tariff shock triggered one of the biggest liquidation events in its history.

Luxembourg Becomes First Eurozone Nation To Invest In Bitcoin

News | Bitcoin | Editor Choice

Luxembourg Becomes First Eurozone Nation to Invest in Bitcoin

Luxembourg’s sovereign wealth fund has allocated 1% of its portfolio—around USD 8 million—into a Bitcoin ETF, making it the first Eurozone country to officially invest in the digital asset.

Bitcoin Whale Addresses Holding Over 100 Btc Hit Record High

News | Bitcoin | Editor Choice

Bitcoin Whale Addresses Holding Over 100 BTC Hit Record High, Bull Run Through 2026

As Bitcoin whales ramp up accumulation and prices soar to new highs, Citigroup forecasts that the bull market could continue through 2026 — setting the stage for another explosive rally in the world’s largest cryptocurrency.

Screenshot 2025 09 10 100533