Glassnode: Bitcoin's Realized Cap HODL Waves Strength Only Halfway to Previous ATH, Signaling Further Upside Potential

BlockBeats News, November 13th, Glassnode stated in its recent market report: "Despite a significant profit-taking, it is still below historical highs, indicating that there is further room for upside before potential demand exhaustion."

Glassnode explained that since Bitcoin broke through $73,679 on November 5th, the "realized profits" have averaged around $1.56 billion per day, nearly half of the $3 billion seen in March during the last round of ATH. The report added: "Since entering the latest ATH discovery phase, we have observed $20.4 billion in realized profits."