Bitcoin Shatters $108K: The HODL Wave Crashing Over Wall Street’s Doubts

Bitcoin just bulldozed past $108,542—again. No, your spreadsheet didn’t glitch. Here’s why the ‘digital gold’ narrative just got louder.

The HODL Effect: Supply Shock or Collective Delusion?

Long-term holders are locking up coins like apes hoarding bananas. Exchanges are running on fumes. Meanwhile, traditional finance still can’t decide if this is a ‘speculative bubble’ or the future—classic hedge fund whiplash.

Institutions vs. Satoshi’s Ghost

BlackRock’s Bitcoin ETF approval sparked the rally, but the real fuel? Retail traders flipping ‘safe’ bonds for volatility. Gold bugs weep into their safety deposit boxes.

The Cynic’s Corner

Remember when Jamie Dimon called Bitcoin ‘worthless’? His bank now clears crypto trades. Nothing moves fast in finance—except other people’s money.

• Bitcoin rises to $108,542, marking a 2.51% increase in 24 hours, fueling investor optimism.
• Investors are now focusing on HODLing, signaling a shift toward long-term value over profit-taking.
• Long-Term Holders reach a new high of 14.7 million BTC, signaling confidence in Bitcoin’s future value.

Bitcoin has spiked up to $108,542 with a 2.51% increment in the last 24 hours. This follows a 1.18% increase in the last week. The traded volume of Bitcoin is at the level of $45.76 billion, reflecting a 2.94% increase. As Bitcoin nears its all-time high, there is a lot of interest among investors in its next direction.

Source: CoinMarketCap

The new price surge has brought a lot of investors back to profitability. Investor buying patterns have, however, changed since bitcoin initially hit the $100,000 mark. Glassnode shows that no excessive gains in price have elicited the common tendency to profit-take. Instead, several investors are willing to keep their investments instead of selling. This is a HODL shift, which indicates that investors are now paying more attention to long-term value despite the higher price level.

Source: X

Bitcoin Growing Market Influence

To gain a deeper understanding of Bitcoin’s current value, two frameworks are applicable. This is followed by the market capitalization that determines the value of Bitcoin by multiplying the current price and the number of coins that are circulating. The second, the Realized Cap, employs the final sale price of each currency which gives a more realistic picture of the network liquidity and the actual value. These two metrics present a large growth in Bitcoin.

The market cap of Bitcoin has grown to $2.13 trillion, which was down from $304 billion. On the same note, its Realized Cap has jumped by $400 billion to $958 billion. These gains represent the rise of BTC as the new asset class, increasing the step to reaching a multi-trillion-dollar position. This strengthens its position in the international financial system.

Source: X

Market cap less Realized Cap emphasizes unclaimed gains in the BTC system. The amount of unrealized profit now stands at about $1.2 trillion. This demonstrates great appreciation of BTC investors but also points to a possible sell-side pressure in case sentiment changes. This large potential profit will mean that investors might dump BTC if they believe the price has reached its peak.

Source: X

Impact of Long-Term Holders

Although the amount of unrealized profits has been very high, the realized profits have not been very high. BTC profit is, on average, locked in at over $872 million per day. This is considerably less than the $2.8 billion and $3.2 billion recorded during past all-time highs. The low actual profit realized indicates that investors are withholding, perhaps awaiting a better price stage.

The Long-Term Holder group of buyers has maintained an influence on the market activity in BTC. This Long-Term Holder (LTH) group recently made a new all-time high of 14.7 million BTC. This shows that increased investors are not distributing their BTC but keeping it long-term. Those who purchased BTC at the $100K breakout now seem confident in the future of BTC, as they still hold their positions as the price has appreciated further.

Source: X