metrics

Long-term holders of bitcoin currently have an average profit of about 188%. This is still a high figure, but it is gradually decreasing. Typically, during such periods, some investors prefer not to lock in profits, waiting for a new growth impulse. Their average purchase price is about 35,000 dollars, which forms an important support zone.

One of the most important phases of the cycle is currently being formed, which most participants misunderstand.
Let's analyze the facts.
📉 1️⃣ Massive cleaning of leverage
Current open interest in BTC: $44.8 billion
This is approximately –55% from the peak in October 2025.
What does this mean:
✅ the market is losing overloaded leverage

The market has approached a zone where several critical metrics converge.
📊 1️⃣ Realized price of long-term holders — $65,680
The average cost basis for those holding BTC for 155+ days is now about $65,680.
This is the so-called Realized Price LTH — historically a strong balance level.
When the price is above → long-term holders are in profit.