All articles tagged with #long term holders
Analysts suggest that Bitcoin's recent recovery and key indicators like the stablecoin SSR RSI and long-term holder accumulation point to a potential significant move ahead, with historical trends indicating strong Q4 gains following a positive September close.
Eric Trump reiterated his bullish prediction that Bitcoin will reach $1 million, citing increasing institutional adoption and strong holding patterns among long-term investors, despite current high prices and skepticism, suggesting a potentially explosive future for Bitcoin.
Bitcoin reached a new all-time high of $120,000 on Coinbase driven by institutional inflows, notably BlackRock’s spot ETF holding over 700,000 BTC, increased network activity, and strong long-term holder conviction, suggesting further upward potential.
Despite nearly $11 billion in ETF inflows and significant institutional buying, Bitcoin's price remains range-bound below $110K due to selling pressure from long-term holders and whales, with some large OTC transactions not impacting the market price. Analysts suggest that while demand is high, the offloading by long-term holders and whale activity are keeping the price subdued, although some believe a squeeze higher could still occur, with optimistic forecasts like Chamath Palihapitiya's predicting a $500K BTC by October.
Long-term Bitcoin holders are cashing out with 326% gains, adding selling pressure to the market. Despite this, Bitcoin remains resilient due to strong demand from new investors, particularly through institutional-grade financial instruments like Bitcoin ETFs. This shift in market dynamics, driven by strategic profit-taking amidst macroeconomic uncertainties and the cyclical nature of Bitcoin's halving events, suggests a robust redistribution phase rather than a sell-off. The role of new investors, especially through ETFs, is crucial in absorbing supply and sustaining Bitcoin's price momentum.
Long-term Bitcoin holders are displaying increased greed as Bitcoin's price nears $100,000, with 98% of holders currently in profit. This trend, highlighted by crypto analyst Ali Martinez, suggests a potential market top in the next few months, possibly between June and September 2025. The scarcity created by holders' reluctance to sell could drive prices higher, with Bitcoin needing only a 1.74% increase to reach the $100,000 milestone. The SuperTrend indicator has turned bullish, indicating a possible breakthrough today.
Bitcoin long-term holders, who have held their coins for over 155 days, are taking profits as Bitcoin surpasses $90,000, viewing it as a profit-taking zone rather than a target to hold out for. Despite increased sell pressure, Bitcoin's price remains stable due to ETFs absorbing the sold coins. Prominent Bitcoin supporters, like Michael Saylor, remain optimistic about Bitcoin reaching $100,000 by year-end, with historical trends suggesting November could be a strong month for Bitcoin's price growth.
Bitcoin's price could face a significant drop due to increased sell pressure from long-term holders, as indicated by the LTH Market Inflation Rate. While BTC might rise to $72,000, it could face resistance and fall to $63,050 or lower. Long-term holders remain confident, but short-term distribution could impact the price.
Analyst Credible Crypto predicts that Bitcoin's latest correction is setting up the cryptocurrency for a parabolic surge, erasing months of consolidation in a matter of days. Credible Crypto also notes that long-term BTC holders have been steadily adding to their stacks despite a multitude of cataclysmic news stories over the past year, and the dwindling available BTC supply is setting up Bitcoin for a massive burst to the upside.
Bitcoin's reserve-risk multiple has turned positive for the first time since October 2021, indicating the onset of a major bull market. The reserve-risk multiple is a long-term cyclical indicator that compares the incentive to sell at the going market price with long-term holders resisting the temptation to liquidate. Previous crossovers above zero with the reserve-risk multiple paved the way for sharp price rallies, with gains of up to 6,400%. The latest positive crossover suggests that bitcoin's recent rally to 10-month highs may be only the first milestone in its upward journey, with the cryptocurrency's fourth reward halving due in April next year.
The profitability of bitcoin held by short-term investors and the supply of stablecoins are two indicators that could have a greater impact on crypto investors than the recent Federal Reserve interest rate decision. 97.5% of bitcoin circulating supply held by short-term investors is now in profit, while the total supply held by long-term holders has increased 5% over the past year. An expansion of stablecoin supply indicates an increase in capital available for deployment, which would be attractive for investors with a bullish view on BTC. Monitoring short-term holders and stablecoin supply will give clues to the extent that BTC may move higher.