Long-term Bitcoin holders (LTHs) remain largely unfazed despite bitcoin experiencing a 50% drawdown from its October all-time high of $126,000. Bitcoin currently trades around $65,500, having fallen as low as $59,000 during the correction.
LTHs have realized only around $50 million to $100 million in profits per day over the past several months, among the lowest levels recorded in recent years. This is only modestly above the 2022 bear market lows, when bitcoin traded between $15,000 and $20,000 and LTH realized profits averaged just $20 million to $25 million per day.
Long-Term Holder Realized Profit measures the total profit, in USD, generated by coins moved at a higher price than when they last changed hands. With an average cost basis of $49,413, LTHs remain comfortably in profit but are choosing not to sell.
Coinbase (COIN) said it plans to launch tokenized U.S. stocks for customers in eligible markets outside the United States, joining a growing list of crypto and fintech firms trying to bring traditional equities onto blockchain networks. The company said the products will be backed by underlying shares and allow investors to receive dividends while trading and transferring the assets onchain.
The announcement comes as competition in tokenized equities intensifies. Kraken recently rolled out tokenized stocks internationally, while Robinhood (HOOD) has outlined plans for similar products in Europe. The sector is attracting attention as firms look for ways to offer around-the-clock access to public markets and reduce frictions in cross-border investing.
The fastest horse among major cryptos keeps running.
The native token of popular blockchain-based exchange Hyperliquid (HYPE) broke above $76 to a fresh record early Tuesday, surging another 13% over the past 24 hours.
While most of the crypto market struggled in 2026, HYPE is up nearly 200% this year and lately has enjoyed attention even from outside of crypto circles.
Hyperliquid ETFs attracted $178 million inflows since their debut last month, while bitcoin and ether counterparts endured relentless selling. Hyperliquid Strategies, a digital asset treasury run by Wall Street investment veterans, has also been a buyer.
The broader bet is that Hyperliquid could be a financial juggernaut to trade all kinds of assets from cryptos, commodities, stocks and even private companies ahead of IPO.
The spread between the two most popular U.S.-listed bitcoin perpetual preferred stocks, Strategy's (MSTR) STRC and Strive's (ASST) SATA, has widened to its largest level on record.
SATA is currently trading at $99.99, after briefly reaching its $100 par value on Monday. The stock is essentially flat on the day, down just 0.02%. Meanwhile, STRC is down about 1%, trading at $94.15.
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