Bitcoin

<h2 id="quick-take">Quick Take</h2> 
<a href="https://cryptoslate.com/coins/bitcoin/">Bitcoin</a> recorded a <a href="https://cryptoslate.com/insights/november-sees-bitcoin-soar-7-topping-year-to-date-highs-amid-u-s-bullishness/">7% gain</a>, culminating in a year-to-date peak of $38,800 by Dec. 1. This milestone ignited the most considerable profit realization from short-term holders seen in recent times since November 2021. Short-term holders, defined as those who keep Bitcoin for less than 155 days, recorded approximate profits of $1.5 billion. 
<figure id="attachment_379052" aria-describedby="caption-attachment-379052" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-379052 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/12/STHL.png" alt="Short term holders in profit to exchanges: (Source: Glassnode)" width="1800" height="1013" srcset="https://cryptoslate.com/wp-content/uploads/2023/12/STHL.png 1800w, https://cryptoslate.com/wp-content/uploads/2023/12/STHL-300x169.png 300w, https://cryptoslate.com/wp-content/uploads/2023/12/STHL-1024x576.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/12/STHL-768x432.png 768w, https://cryptoslate.com/wp-content/uploads/2023/12/STHL-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px">
 <figcaption id="caption-attachment-379052" class="wp-caption-text">
 Short-term holders in profit to exchanges: (Source: Glassnode)
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</figure> 
This significant move was, however, accompanied by a few hundred million in losses. This bustling activity resulted in approximately 46,000 Bitcoin being transferred to exchanges, a movement that feeds into the already declining investor base of short-term holders, which hit a <a href="https://cryptoslate.com/insights/number-of-short-term-bitcoin-holders-hits-10-year-low/">record low</a> just last week, as confirmed by CryptoSlate. 
In stark contrast, long-term holders have shown a relatively subdued response to the market’s recent fluctuations, indicating a potentially more sustained trust in the asset’s long-term value. 
<figure id="attachment_379054" aria-describedby="caption-attachment-379054" style="width: 100%" class="wp-caption aligncenter">
 <figcaption id="caption-attachment-379054" class="wp-caption-text">
 Long Term Holder to Exchanges: (Source: Glassnode)
 </figcaption>
</figure> 
The post <a href="https://cryptoslate.com/insights/nearly-1-5b-in-bitcoin-profits-pocketed-by-short-term-holders-long-time-holders-stay-patient/">Nearly $1.5B in Bitcoin profits pocketed by short-term holders; long-time holders stay patient</a> appeared first on <a href="https://cryptoslate.com">CryptoSlate</a>.

Nearly $1.5B in Bitcoin profits pocketed by short-term holders; long-time holders stay patient

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