Bitcoin Holders Are Cashing Out Like Never Before-But Is the Party Over? 🎉💸

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Ah, Bitcoin long-term holders (LTHs), those mysterious creatures who’ve been hoarding digital gold like misers in a Dickens novel. Well, guess what? They’re finally cashing in their chips-and boy, are they making a splash! 🌊💰

Since the dawn of 2024, these patient souls have realized profits on a whopping 3.27 million BTC. That’s right, folks: more than the 2021 bull run and only slightly behind the legendary 2017 frenzy where profits hit 3.93 million BTC. But hold your applause-they’re not quite at the top of Mount Crypto just yet. 🏔️

  • So far, LTHs have outdone themselves compared to 2021 but still trail the 2017 peak.
  • About 100,000 BTC has recently hit the market thanks to legacy coin movements, Galaxy listings, and ETF-fueled liquidity. Yes, even the “OG” coins that have been snoozing since Bitcoin was trading for peanuts are waking up! 🥜💤

Now let’s talk numbers because, well, we’re all here for the money, aren’t we? 💸 Back in 2015, Bitcoin was lounging around at an average price of $1,000. Fast forward to today, and it’s flirting with prices nearly 100 times higher. That means the market is digesting a mountain of sell-side supply as old coins get flipped faster than pancakes on PancakeSwap. 🥞

Here’s the kicker: roughly 80,000 BTC popped up for sale at Galaxy, while another 26,000 BTC decided to join the party. Altogether, about 100,000 BTC entered the wild, causing a teensy-weensy correction. Why? Because the market is now so liquid you could practically swim in it. 🏊‍♂️

And who gets credit for this financial acrobatics? Exchange-traded funds (ETFs), of course! These fancy instruments have greased the wheels of rotation, turning sleepy hodlers into active traders. Trading volumes? Oh, they’ve exploded like popcorn in a microwave. 🍿

So, dear reader, if you’re wondering whether the Bitcoin rollercoaster is nearing its final loop-de-loop, consider this: the late phase of the cycle might be upon us. Buckle up-or maybe buckle out, depending on how brave you’re feeling. 😅🎢

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2025-08-27 13:54