TechFlow news, January 2 — According to Cointelegraph, data from Bitbo shows that Bitcoin long-term holders (holding for more than 155 days) are currently realizing significant profits. With Bitcoin trading at $94,820, the average cost basis of long-term holders stands at $24,298, resulting in an unrealized profit rate of as high as 290%.
In contrast, short-term holders (holding for less than 155 days) have an average cost basis of $86,753, with a current unrealized profit of only 9.29%. The analysis suggests that the substantial gains held by long-term investors may increase selling pressure at the start of the new year, as investors might opt to take profits.
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