Bitcoin has generated $20.4 billion in realized profits since surpassing its previous all-time high of $73,679 in March. Despite Bitcoin's significant rise of over 40% since October, profit-taking activities by traders are reported to be about half as intense as seen during earlier all-time high cycles, suggesting potential for further price increases. Glassnode noted that realized profit volumes now average around $1.56 billion daily, compared to $3 billion daily during previous peaks. Following the breakthrough on November 5, the price soared over $8,400 in a single day, reaching highs of $90,000 before settling at $87,534. Optimism among traders continues, with individuals like Robert Kiyosaki and Anthony Pompliano expressing intentions to maintain or increase their Bitcoin holdings as they foresee further price appreciation.

Source 🔗