In a recent report, Joe Consorti, Head of Growth at Theya, addressed rumors about Bitcoin’s price being artificially suppressed. He analyzed on-chain data, noting that long-term holders tend to sell their Bitcoin during price increases, which reflects normal Market behavior. Consorti explained that the current 100+ day price consolidation around $95,000 is typical and may ...
Bitcoin has recently surpassed the $100,000 mark, sparking interest from traders to take profits. However, long-term holders, those who have kept their Bitcoin for at least seven years, are not selling yet. A recent analysis highlights that this group remains confident in the Market, as previous selling patterns from long-term holders occurred before major price ...
Stock Market investors selling their assets typically signals a downturn, but in the crypto Market, it’s seen differently. Analysts suggest that when long-term Bitcoin holders sell their coins, it often precedes significant price rallies. Recently, Bitcoin held by these long-term investors dropped to about 13 million BTC, with over a million coins transitioning to short-term ...
In the crypto Market, when investors sell off their long-held Bitcoin, it may signal a bullish trend rather than a downturn, as seen in historical patterns. Analysts note that decreases in supply from long-term holders often precede significant Bitcoin price rallies. Recently, over 1 million BTC shifted from long-term to short-term holders amid rising prices ...
In 2024, the number of long-term Ether holders has notably increased, rising from 59% in January to 75% by the year’s end, reflecting growing confidence in Ethereum. In contrast, Bitcoin holders have declined, raising questions about the cryptocurrency’s future. Meanwhile, discussions around the US adopting Bitcoin as a financial reserve face skepticism, with experts pointing ...
In 2024, more people are holding onto Ether (ETH), increasing from 59% to 75% of long-term holders, while the number of long-term Bitcoin (BTC) holders dropped from 70% to 62%. This rise in Ether holders indicates growing confidence in the cryptocurrency as we move into 2025. In December, Ether ETFs saw a significant boost in ...
Bitcoin recently reached a significant milestone, climbing to an all-time high of $108,000 before experiencing a sharp decline. This surge raised concerns as long-term holders began to sell their assets, indicating potential Market volatility. Analysts point to the Binary Coin Days Destroyed metric, which tracks the activity of long-term investors, showing a notable increase that ...
Bitcoin (BTC) is currently trading about 13% below its peak of approximately $108,000, a level it hasn’t reached since Donald Trump’s election in November. The largest cryptocurrency has fluctuated around this correction threshold, with long-term holders selling their Bitcoin, which has resulted in a significant price decline. Data shows that these long-term holders reduced their ...
Bitcoin (BTC) is now trading about 13% lower than its all-time high of approximately $108,000, a drop reminiscent of Market activity following Donald Trump’s election in November. The largest cryptocurrency has frequently hovered around 10% below that peak, leading some investors to consider it a correction. Recent selling pressure comes primarily from long-term holders who ...
Bitcoin is on a path that could lead it to $100,000, contingent on the demand from short-term holders balancing profit-taking by long-term holders. After a notable decline, Bitcoin closed November at nearly $96,506, showing a 37.3% gain for the month. As December approaches, historical trends suggest that Bitcoin typically performs well during halving years, but ...
