Bitcoin’s Wild Ride: Profit Takeover & a Sudden Chill! 💸🔥

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Oh, what a tale of digital despair and crypto glory! A report from the enigmatic Glassnode, the on-chain seers, has revealed how Bitcoin’s profit-taking frenzy took a nap before its price surge. 🧙‍♂️💸

Bitcoin Realized Profit: A Dance of Gains and Losses 🧨

In its latest weekly opus, Glassnode spoke of the Realized Profit of Bitcoin, that mysterious metric that tracks the total gains from selling BTC. It’s like a financial séance, sifting through the blockchain’s dusty archives to find the price of each coin’s last dance. 🕺

The metric works by haunting the transfer history of every coin, whispering to its past price. If the current sale price is higher than the last, it’s a profit-a ghost of joy! 🕯️ But if it’s lower, well, that’s a loss, the blockchain’s version of a sob story. 😢

The Realized Profit sums up these gains, while its counterpart, Realized Loss, mourns the opposite. It’s a tragicomedy of numbers, if you can call it that. 🎭

Here’s a chart that looks like a rollercoaster ride for the 7-day MA of Bitcoin’s Realized Profit over the years. 🎢

As the graph shows, the 7-day average was a goldmine for much of 2025’s fourth quarter, with a November spike so large it could’ve bought a small island. 🏝️ But then, in December, it plummeted to a mere $183.8 million. A crash so sudden, it made the market gasp. 😰

“This deceleration in realized gains,” said Glassnode, “signalled an exhaustion of distribution-side pressure, like a vampire running out of blood.” 🧛‍♂️

What followed? A Bitcoin climb above $94,000! The market, finally free from its profit-taking chains, regained its composure. Or at least, it tried. 🕊️

But what about the unrealized gains? Ah, the MVRV Ratio, that enigmatic oracle, reveals the tale of short-term holders. They’re the market’s low-conviction gamblers, holding for 155 days or less. 🃏

The STH MVRV is below 1, meaning new entrants are stuck in a net loss. A tragicomedy of crypto naivety. 🤡

BTC Price: The Drama Continues 🎭

Bitcoin dipped below $90,000, but now it’s back to $90,900. A rollercoaster of hope and despair. 🚂

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2026-01-09 09:14