All Bitcoin Long-Term Holders Now in Profit as BTC Surges Past $71K

All long-term Bitcoin (BTC) holders are now in profit as BTC surpassed its November 2021 all-time high. Only 0.03% of long-term holders remained at a loss when BTC was around $68,000 on June 4. This group purchased Bitcoin during the 2021 bull cycle when it reached its previous all-time high of $69,000. However, short-term holders (holding Bitcoin for less than 155 days) still carry most of the unrealized losses, particularly those who bought in March 2022. Glassnode anticipates renewed market speculation due to the recent price surge. Despite approaching its all-time high, Bitcoin is facing resistance due to ongoing regulatory uncertainty and concerns about macroeconomic events. Upcoming economic data releases could potentially push Bitcoin to new highs.