After a volatile start until 2025, Bitcoin has now regained a brand of $ 100,000, which has ever set up new confidence and renewed the injection of the market. But with high prices, a decisive question arises: Are some of the most successful and successful bitcoin holders, in the long run investors, have started selling? In this article, we will analyze what the data reveals on the series about the behavior of a long -term pregnant and whether to achieve the last profit is a cause of concern, or just a healthy part of the Bitcoin market cycle.
Signs of profit appear
the SOPR profit ratio (SOPR) It provides an immediate look at the profit achieved across the network. Zoom in recent weeks, we can monitor a clear rise in profit. Green bars groups indicate that a noticeable number of investors are already selling BTC for profit, especially after the price of 74,000 to 75,000 dollars to new levels exceeding $ 100,000.
However, although this may raise short -term concerns about potential public resistance, it is important to framing this in the broader context of the chain. This is not an unusual behavior in the bull market and does not indicate, on its own, to the peak of the cycle.
Long -term supplies are still growing
the Long -term customer offerThe total amount of Bitcoin, which is kept for at least 155 days, continues to climb, even with high prices. This scale does not necessarily mean that there is a new accumulation that happens now. Rather, the coins are advancing in a long -term position without transporting or selling them.
In other words, many investors who bought in late 2024 or early 2025 keep strongly, and they move to long -term holders. This is a healthy dynamic by the previous stages to the middle of the bull markets, and not yet indicates the wide distribution.
Hodl waves analysis
To dig deeper, we use Hodel waves Data, which breaks BTC Holdings with a lifetime age ranges. When isolating the BTC portfolios for 6 months or more, we find that more than 70 % of Bitcoin supplies are currently kept through participants from mid to long -term.
Interestingly, although this number is still high, it has begun to decrease slightly, indicating that part of the long -term holders may even sell even with increased long -term supply. It seems that the main engine for the growth of a long -term worker’s supply is a short -term holder who advances in the arc of more than 155 days, not a new accumulation or wide -ranging purchase.
Using raw Bitcoin Pro API magazine Data, we studied the rate of change in long -term stands, classified according to the era of the wallet. When this metacle goes down significantly, it coincided historically with the peaks of the course. On the contrary, when it extends up, the market bottoms and deep accumulation periods are often determined.
Transfer rates and distribution rates in the short term
To enhance the accuracy of these signals, the data slides can be more accurate by comparing the new participants (0-1 to the holders of the month) against those who carry BTC for 1-5 years. These ages comparison provides more frequently and actual time in distribution patterns.
Figure 5: The distribution rate of the age group provides valuable market visions.
We find that the sharp declines in the percentage of holders of 1-5 years relative to new participants may be historically in line with bitcoin peaks, and at the same time, rapid increases in the indication of the percentage of that more of BTC flow into the hands of hugged investors are often a prelude to collecting major prices.
In the end, the long -term investor’s behavior monitoring is one of the most effective ways to measure morale in the market and sustain price movements. Long -term bearers are historically outperforming traders in the short term by buying during fear and adherence to volatility. By examining the age distribution of BTC holdings, we can get a clearer vision of possible asphalt and asphalt on the market, without relying only on the movement of prices or short -term feelings.
conclusion
As there is only a secondary level of distribution between long -term holders, anywhere near the scale, which historically indicates the peaks of the course. Persons achieves, yes, but at a pace that seems completely sustainable and exemplary for the health market environment. Looking at the current stage of the bull cycle and determining the status of institutional participants and retail, the data indicates that we are still in a strong structural stage, with a field for further growth in prices with the flow of new capital.
For more deep research, technical indicators, and market alert bitcoinmagazinepro.com.
Liability: This article is intended for media purposes only and should not be considered financial advice. Always perform your research before making any investment decisions.
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