Bitcoin has recently reached a new all-time high of $100,000, prompting analysis of long-term holder behavior amid signs of profit-taking. The Spent Output Profit Ratio shows increased selling by some investors; however, this is a common occurrence during bull markets and does not indicate a peak. Meanwhile, the Long-Term Holder Supply continues to grow, reflecting that many investors are holding their assets as they transition into long-term holders. HODL Waves data reveals that over 70% of Bitcoin is stored in wallets for 6 months or more, indicating a healthy market environment.
The recent uptick in realized profits among Bitcoin investors does not signal a cycle peak, as long-term holders continue to accumulate.
With over 70% of Bitcoin held in wallets for 6 months or more, the long-term holder supply keeps growing, indicating healthy market dynamics.
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