The data on the chain shows that the Bitcoin network was witnessing the escalate in profit related to investors, but so far the price has been maintained.

Bitcoin has recently seen many jumps of earnings in the amount of $ 500 million per hour

According to data from an analytical company in a chain Glass knotThe realized profit rate has recently registered many gigantic jumps for Bitcoin. The “realized profit” refers here to a chain indicator, which tracks the total amount of profit that BTC investors “implement” through their transfers online.

Metric operate, passing through the history of the transfer of each sold or moved to see what price was carried out earlier. If this previous price of the transaction is lower than the current sale price for any token, then the sale of this particular coin leads to a strengthening of an equal difference between two values.

The realized profit summarizes this difference for all profit movements to determine the total network. The equivalent indicator called the realized loss deals with the sale of the opposite type.

Now there is a chart divided by an analytical company, which shows the trend in Bitcoins has achieved profit over the past few months:

Looks like the value of the metric has been quite high in recent days | Source: Glassnode on X

It should be noted that the version of the realized profit on the chart is “corrected on the existence”, which means that it follows not only transfers occurring between different wallets, but also transfers between different units.

Glassnode defines the “unit” as a group of addresses that she decided to belong to the same investor through its analysis. Of course, the movements between the portfolio of the same owner do not reflect the implementation of any profit, so the settlement of entities cleanses the data.

As apparent on the chart, corrected by Bitcoin, the realized profit experienced several gigantic jumps at the end of last month, which indicates that investors achieved significant profit. These jumps coincided with the fall of assets in relation to its close levels, so it is possible that this sales could be a trigger for her.

Now the indicator has experienced several other jumps, which corresponds to the madness of profit exceeding $ 500 million per hour. Therefore, it seems that investors have not finished gathering their profits yet.

This time, however, Bitcoin has not seen movement so far. However, it remains only how long it would last if there were increases in the implemented profit.

BTC price

At the time of writing, Bitcoin floats by about USD 104,900, which is almost 4% in the last seven days.

The price of the coin appears to have been moving flat recently | Source: BTCUSDT on TradingView

A distinguished picture from Dall-E, Glassnode.com, Chart from TradingView.com

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