In April, Bitcoin’s price skyrocketed from $74,450 to $94,900, resulting in a $26 billion increase in wealth for long-term holders. However, many short-term holders sold at a loss during this period. Bitcoin’s recent 30% correction aligns with historical patterns, suggesting possible support levels around $88,750 and $91,000. As Bitcoin’s supply becomes increasingly profitable, analysts predict ...
Bitcoin has regained the crucial $90,000 mark after a recent dip that saw it drop to $74,000. In the last two weeks, BTC has increased by 13.1% and is currently trading at $90,279, with a 3.3% rise in just one day. Analysts highlight a significant upturn in Bitcoin futures funding rates, indicating that traders are ...
After a significant price drop in the last three months, Bitcoin’s Market status remains uncertain. Although there’s been a slight rebound in April, the cryptocurrency hasn’t shown strong signs of a comeback due to a lack of positive Market influences. However, analyst Axel Adler Jr. has pointed out a promising trend among long-term Bitcoin holders. ...
After a three-month price correction, the future of the Bitcoin bull Market remains uncertain. Although there was a slight price recovery in April, Bitcoin hasn’t shown a strong signal to continue its upward trend, primarily due to a lack of encouraging Market conditions. Analyst Axel Adler Jr. noted that Bitcoin long-term holders are reducing their ...
Bitcoin has now been a year past its latest halving, and this cycle is different from previous ones. Instead of soaring prices after the halving, Bitcoin has only risen 31%, a stark contrast to the 436% increase seen in the last cycle. Long-term holder metrics indicate a decline in unrealized profits, suggesting a more mature ...
Bitcoin’s price is expected to become much more volatile as a large number of coins are moving on-chain. According to CryptoQuant, approximately 170,000 BTC, owned by people who bought them three to six months ago, are starting to circulate. This movement often indicates that significant price changes are about to happen. Short-term holders, who are ...
Glassnode, an on-chain analytics firm, recently reported that Bitcoin has not yet confirmed a historical bear Market in the current cycle. The firm’s analysis highlights the “Unrealized Loss” for Bitcoin holders, which indicates the total losses across BTC addresses. They introduced a new metric called “Unrealized Loss per Percent Drawdown,” which reveals that short-term holders ...
Glassnode, an on-chain analytics firm, has reported that Bitcoin has not yet confirmed a historical bear Market in the current cycle. The report highlights that long-term holders of Bitcoin are not experiencing significant unrealized losses, a key indicator often linked to bear Market transitions. While short-term holders are currently seeing increased losses, long-term holders, who ...
Bitcoin’s on-chain metrics reveal that the short-term holder Market Value to Realized Value (MVRV) ratio has dropped to 0.82, a level often seen during Market stress and capitulation. This indicates that recent buyers are, on average, facing losses of about 18%. Historically, similar MVRV lows have preceded Market bottoms and reversals. Since February, long-term holders ...
Bitcoin’s four-year cycle, driven by halving events, significantly influences its price growth. Traders recognize phases of accumulation, rallies, and crashes within this cycle, shaped by Market sentiment and holders’ behavior. Long-term holders, who typically own more Bitcoin, are currently accumulating more, easing sell-side pressure and contributing to price stability. In contrast, short-term holders, often more ...
