How Bitcoin Short-Term Holders Rake in 82% of Profits on Exchanges?
How Bitcoin Short-Term Holders Rake in 82% of Profits on Exchanges?
Glassnode’s data reveals that a majority of the profits sent to exchanges, specifically 82%, come from short-term Bitcoin holders.
Highlighting Points
Short-term Bitcoin holders contribute 82% of the total profits sent to exchanges, according to Glassnode’s data.
Long-term holders only account for 17.5% of the total realized profit, significantly lower than short-term holders.
The surge in Bitcoin prices has prompted investors to send $62.8 million in profits to exchanges.
Bitcoin prices have been on the rise, pushing past the $30,000 mark and bringing relief to investors who had been waiting...