Average Bitcoin Long-Term Holder Now Carries 55% Profit

On-chain data shows the Bitcoin long-term holders (the so-called HODLers) are now carrying an unrealized profit of 55% on average. Bitcoin Long-Term Holder NUPL Has Hit A Value Of 0.55 According to the latest weekly report from Glassnode, the profit that the BTC long-term holders are holding has gone up recently. The indicator of interest here is the “Net Unrealized Profit/Loss” (NUPL), which keeps track of the difference between the unrealized profit and loss that Bitcoin investors are carrying currently. By “unrealized,” what’s meant here is that the profit or…

The bitcoin chart is showing signs of resuming long-term trend back to $66K as ETF decision looms

Here’s a breakdown of the bitcoin chart and what to watch for to confirm that the cryptocurrency is resuming its long-term trend back to all-time highs. If you haven’t heard, bitcoin was up substantially in 2023, and a full-fledged ETF may finally get approved by the SEC. Some experts claim that could be a clear sell-the-news event if/when it happens, while others believe it will prompt an even bigger rally. Either is possible, but right now it’s important to recognize that BTC’s price action has been working well over the last…

Ethereum long-term holders hit record numbers in December

The amount of Ethereum (ETH) owned by long-term holders has reached a new milestone, hitting 70% since Dec. 1. According to blockchain analytics firm IntoTheBlock, this is noteworthy as it puts Ethereum ahead of Bitcoin (BTC) per the same metric, which hovered just shy of 70%. Some market watchers consider the rise in the proportion of ETH held by these holders as showcasing a conviction in the cryptocurrency’s long-term potential. The record comes amidst predictions that the time for Ethereum to outshine Bitcoin is fast approaching.  On Dec. 23, well-known…

Long-Term Analysis Better For XRP Price, Crypto Enthusiast Says

Bill Morgan, a cryptocurrency enthusiast and lawyer, has underscored an insightful factor towards investing in the XRP token.  Bill Morgan On XRP Price Action The lawyer recently used X (formerly Twitter) to share his optimism about XRP’s price action. According to the analyst, traders and investors interested in the crypto asset’s price movement should concentrate on the long term. Bill Morgan’s post addressed yesterday’s volatility and how the cryptocurrency community perceived it. The X post was published in response to “Matt,” the Moon Lambo YouTube Channel host.  The host refuted…

El Salvador’s president affirms long-term Bitcoin strategy is successful

El Salvador’s president Nayib Bukele announces a complete recovery of the country’s Bitcoin investment, yielding a $3.62 million profit. After facing criticism over supposed losses, President Nayib Bukele took to X to announce that El Salvador’s Bitcoin (BTC) investment has recovered 100% of its initial investment and generated a profit of $3.62 million at the asset’s current market price.  El Salvador’s #Bitcoin investments are in the black! After literally thousands of articles and hit pieces that ridiculed our supposed losses, all of which were calculated based on #Bitcoin’s market price…

Bitcoin Consolidates as Profitability for Long-Term Holders Increases – Blockchain News, Opinion, TV and Jobs

Last week, Bitcoin (BTC) concluded at approximately $37,350, posting an increase of 0.8% compared to the preceding week’s closing value of $37,000. It commenced with notable volatility, witnessing BTC’s price dropping to as low as $34,800 on Tuesday, followed by a robust recovery, nearly reaching $38,000 on Wednesday. Subsequently, BTC dipped again to $36,000 on Thursday. The latter part of the week saw an uptick, and BTC closed the week at around $37,350. BTC dominance, which gauges Bitcoin’s market capitalization in relation to the entire digital asset market, rebounded after…

Monero, OKB, and RebelSatoshi as long-term crypto investments

Following new regulatory requirements, Binance delists XMR in Belgium. Experts believe this could heap pressure on the coin, forcing it to $130.55 by December.  OKB could rise to $60.50 by the end of November.  RebelSatoshi’s presale ongoing As investors explore the crypto markets, they appear to be focusing on three altcoins: Monero (XMR), OKB, and RebelSatoshi (RBLZ). In this article, we delve into the latest from experts on these three crypto coins, their price predictions, and what features set them apart. Binance delists Monero in Belgium  On Sep. 6, reports…

Record Highs In Long-Term Holdings Signal A Bullish Horizon

Amid fluctuating markets and economic uncertainty, Bitcoin long-term investors hold their coins tighter than ever. Data from blockchain analysis firm Glassnode reveals a notable trend: a significant portion of Bitcoin’s circulating supply is firmly in the hands of long-term holders, with figures reaching record heights. Notably, the trend of Bitcoin being tightly held is not a new phenomenon, but the level of accumulation we’re witnessing today appears unprecedented. Glassnode’s research points out that the community of long-term Bitcoin holders is not just growing but doing so at an “impressive rate…

Where Is Bitcoin Price Headed as BTC $1K+ Wallet and Long-Term Holders Reach New All-Time High?

Given BTC price’s continuous rejection of the $35k zone, it is possible that we may witness Bitcoin correction to $31k. The price of Bitcoin has broken through the $35k resistance for the third time since the start of November. It shattered the long-term consolidation range between $25k and $31k on October 22. Although the price has been on the rise since then, the overall signals have been mixed, with some analysts expecting retracements and others anticipating a continued upward trend. When BTC experienced the breakout from the $25k to $31k…

Bitcoin supply held by long-term holders hits all-time high — Research

Data from Glassnode suggests that Bitcoin (BTC) is in an accumulation pattern, with its available supply reaching a new historical low. According to the report, Bitcoin’s illiquid supply and long-term holders are increasing. As its supply tightens, available BTC is being purchased by smaller, long-term holding entities.  Bitcoin accumulation among a majority of investor cohorts and the bullish conviction of long-term holders have resulted in investors gobbling up “92% of the newly mined supply,” according to the Glassnode analysis. “If we isolate only entities on the smaller end of the scale,…