Glassnode Report Shows Significant Difference in Realized Profits and Losses During Bitcoin Breakouts Above $30K

According to the blockchain analytics firm Glassnode, there has been a significant difference in the absolute value of both realized profits and losses throughout the two breaks above $30K.

The first breakthrough resulted in $2.54 billion in realized profits, while the recent ascent only saw $289 million in realized profits. This difference is quite significant, and it shows that the current throughput is much lower than during the initial breakout. However, despite this disparity, both breakouts experienced a similar level of profit dominance in relative terms.

It is interesting to note that the Short-Term Holder cohort realized 133x and 89x more profit than losses, respectively, during both of these events. This marks both of these days as one of the cohort’s most profitable days on record, and it is a testament to the profitability of Bitcoin trading.

The cryptocurrency market has always been volatile, and these recent numbers show just how quickly things can change. While the recent ascent did not result in as many realized profits as the initial breakthrough, it is still a positive sign for the Short-Term Holder cohort.

Overall, these numbers show that Bitcoin is still a profitable investment, and it is an exciting time for those involved in cryptocurrency trading. As the market continues to evolve, it will be interesting to see how these numbers change in the future and what it means for the world of cryptocurrency.

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