Bitcoin Just $3K Away from Trillion Dollar Market Cap Longer- | Partner One Trust

Bitcoin Just $3K Away from Trillion Dollar Market Cap

Longer-term Bitcoin holders have been taking some profit off the table over the past week as the balances of BTC held on exchanges start to level off.

In its week on-chain report this week, analytics provider Glassnode has delved into the spending habits of holders and investors.

It stated that the week has seen some minor profit realization on-chain by long-term holders, “although so far it does not appear to be of significant coin volume to put the brakes on.”

The report added that the key level to break is $53K for Bitcoin to return to the “12-zero’s club” – meaning a trillion-dollar market capitalization.