Bitcoin News

Story: Bitcoin Holders Cut Profit-Taking by 60%, Eyeing $120K Surge

By Maheen Hernandez

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Long-Term Holders Show Confidence Amidst Market Struggles. Despite Bitcoin’s struggle to break through higher resistance levels, long-term holders are…

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Eyeing the $120K Target: When Will Bitcoin Reach the Next Milestone?. As Bitcoin’s price hovers below the $100,000 mark, long-term holders are becoming increasingly…

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Long-Term Holder SOPR: A Key Indicator. Bitcoin’s price and behavior are heavily influenced by the actions of long-term holders, and one…

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Mayer Multiple: Another Bullish Signal. Another key indicator that suggests Bitcoin’s price could be poised for a surge is the Mayer…

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Reduced Exchange Netflows: Large Holders Are Holding Strong. Another noteworthy trend in the Bitcoin market is the decrease in the ratio of Bitcoin’s large…

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Reduced Profit-Taking Could Fuel Future Growth. The current market dynamics suggest that Bitcoin’s price could be in for a period of consolidation…

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Conclusion: A $120K Bitcoin May Be Closer Than It Seems. In conclusion, the reduction in profit-taking among Bitcoin’s long-term holders is a bullish sign…

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Bitcoin (BTC) has made modest strides in the past 24 hours, with the price rising by 1.02%. While this uptick might seem minor, a significant shift in the behavior of Bitcoin’s…

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Despite Bitcoin’s struggle to break through higher resistance levels, long-term holders are showing resilience and confidence in the cryptocurrency’s future.

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Adler’s analysis reveals that long-term holders are now selling 40,000 BTC less per day compared to previous price levels between $90,000 and $100,000.

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The anticipation of this level of profit-taking could have significant implications for the market.

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Bitcoin’s price and behavior are heavily influenced by the actions of long-term holders, and one of the key indicators that analysts use to track their sentiment is the Long-Term…

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Recently, Bitcoin’s SOPR has seen a significant drop from a high of 5.7 to 2.7 over the past 10 days, indicating that long-term holders are no longer selling as aggressively.

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When the Mayer Multiple is moderate, it often signals a period of consolidation. Long-term holders typically reduce their accumulation during this phase but remain confident in…

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Whales, who are typically long-term holders themselves, tend to accumulate Bitcoin during bear markets and liquidate their holdings during bull markets.

The Currency Analytics

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