Research: Bitcoin long-term holders remain bullish despite losses

2022-12-16 21:32

Bitcoin’s (BTC) year-long decline has left several holders with unrealized losses, including long-term holders (LTH) who have held the coin for at least six months.

However, CryptoSlate’s analysis of Glassnode data showed that this group of investors remains bullish on the flagship digital asset.

Source: Glassnode

According to Glassnode data, the cohort holds a record-high amount of Bitcoin –13.8 million. The group is also considered the smart money of the Bitcoin ecosystem because they usually accumulate during bear markets and sell during bull runs.

For context, long-term holders added around 1 million BTC to their holdings in November. This was because LUNA’s crash in May triggered a significant dip in price that allowed traders to accumulate the asset. Those that bought Bitcoin at the time are now part of this cohort, as they have held for the last six months.

Long-term holders at ATH despite Nov. capitulation

Meanwhile, the recent FTX collapse led to a minor capitulation among LTH, causing their supply to drop slightly in early November. Despite this, the Glassnode data chart below shows that long-term holders’ supply is still at an all-time high.

Source: Glassnode

For many, that’s bullish because investors are not capitulating. Ark Investment shares this view, as it said the data point indicates the cohort’s “long-term focus and high conviction, despite recent events.”

6 million BTCs held at a loss by long-term holders

Glassnode data, as analyzed by CryptoSlate, showed that long-term holders might be holding their Bitcoin because they stand to incur substantial losses if they sell.

According to the data, around 6 million BTC held by long-term holders is currently at a loss –the highest ever.

The last time the group had this much-unrealized losses was in 2015, 2019, and 2020 when they held over 5 million BTC.

This cycle’s long-term holders recorded the two biggest losses

Further analysis by CryptoSlate showed that long-term holders recorded two of the biggest losses in history during this market cycle.

Source: Glassnode

According to Glassnode data, this cycle’s long-term holders lost 0.09% of BTC’s market cap per day in June and November when the industry reeled from the collapse of Terra’s ecosystem and FTX’s crash. This was only surpassed by losses recorded in 2015 and 2019.

Regardless of these huge losses, 78% of BTC’s entire supply is still held by long-term holders, similar to the 2015 bear market levels.

Source: Glassnode

The post Research: Bitcoin long-term holders remain bullish despite losses appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95508.65 (-1.14%)
Объем 24H $41.35b
Изменеия 24h: -1.94 %, 7d: -7.14 %
Cегодня L: $95217.68 - H: $97458.26
Капитализация $1891.038b Rank 1
Цена в час новости $ 17426.7 (448.06%)

holders losses long-term bitcoin research despite remain

Источник: cryptoslate.com

holders losses → Результатов: 85


Фото:

Snowfall Protocol (SNW) Holders Are Celebrating Tremendous Gains As Huobi Token (HT) and Chain (XCN) See Price Swings

Cryptocurrency enthusiasts are in for a wild ride over the next few days as three very different coins experience massive price swings. Huobi Token (HT) and Chain (XCN) are both in the red, and more losses are to be expected, but Snowfall Protocol (SNW) holders are celebrating massive gains of over 250% in just a […]

2022-12-7 23:34


CryptoSlate Wrapped Daily: Coinbase blames SEC’s XRP lawsuit for $15B loss to retail traders, Dogecoin investors sell $110M in DOGE

The biggest news in the cryptoverse for November 1 includes Coinbase arguing that SEC’s lawsuit against Ripple caused $15 billion in losses for retail traders, Hackers stealing about $760 million in 44 hacks in October, and top 50 Dogecoin holders selling off $110 million worth of DOGE in the last seven days.

2022-11-2 01:05


Shiba Inu Burn Events Spark A Rally In Altcoin Over The Past Weeks

Shiba Inu community forecast a 111 trillion SHIB burn, which spurred holders of SHIB to be bullish. According to the Shiba Inu community, 111 trillion SHIB could be burnt in the upcoming year SHIB owners may have been anticipating a positive indication when they saw a large burn Crypto’s price is set to recover its losses, according to analysis of the SHIB chart’s rising formation Over the past two months, a surge in the meme coin has been brought on by the Shiba Inu burn events.

2022-8-25 12:55


Bitcoin LTHs Realized Significant Losses Recently, Final Capitulation Here?

Data shows Bitcoin long-term holders have realized a significant amount of losses recently, a sign that the final capitulation before the bottom may be here. Bitcoin Long-Term Holder SOPR Shows Average of 27% Losses Being Realized This Week According to the latest weekly report from Glassnode, BTC long-term holders seem to have harvested some losses this week.

2022-6-1 22:00


Start Of Bear Period? Current Bitcoin Trend Looks Similar To June

Bitcoin on-chain data shows current trend with the short-term holder SOPR looks similar to that in June. This may mean that a bear period similar to then has started. Bitcoin Short-Term Holders Continue To Realize Losses As pointed out by an analyst in a CryptoQuant post, Bitcoin short-term holders have continued to realize profits recently, as suggested by the SOPR.

2022-1-7 22:00


Data Shows Bitcoin Short-Term Holders Have Started To Sell At A Loss

On-chain data shows Bitcoin short-term holders are increasingly selling at a loss following the latest crash in the crypto’s price. Bitcoin Short-Term Holder SOPR Dips Further Below One As pointed out by an analyst in a CryptoQuant post, on-chain data shows that the STH SOPR has decreased to July levels, suggesting that short-term holders are increasingly realizing their losses.

2021-12-7 22:00


Фото:

Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains

Australia’s revenue service has reminded a growing number of crypto investors about their tax obligations. Rejecting the common misconception that crypto gains are only taxable when coins are cashed back into dollars, the tax office is going to prompt hundreds of thousands of taxpayers to report profits and losses from their cryptocurrency transactions. Tax Office […]

2021-5-29 14:36


Фото:

TaxBit Simplifies Cryptocurrency Taxes with Innovative Reporting and Audit Tools

Leading cryptocurrency tax software firm TaxBit simplifies the process of filing taxes to just a few clicks for cryptocurrency traders. TaxBit offers cryptocurrency holders and investors a slew of robust services including the easy calculation of profits, losses, tax liabilities, and generation of IRS-compliant tax forms, to make crypto trading a pleasant experience for traders.

2020-4-25 11:49


дальше еще 36 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Сегодня ночью BTC обновил рекорд: $106,000 на фоне обещаний Трампа о крипторезерве

Сегодня ночью цена биткоина достигла исторического максимума в $106,352 после заявления Дональда Трампа о возможном создании стратегического Bitcoin-резерва в США. BTC за последние семь дней вырос на 5,57%, а за последние сутки — на 2,97%.

Во Франции криптовалюту обложат налогом — даже если ее не продавать

Во Франции на подходе новый налог для владельцев криптовалют. Сенатор Сильви Вермеийе предложила считать BTC «непродуктивным» активом. Стоит отметить, что налог будет относиться к нереализованной прибыли.

Биткоин пробил $100,000, но Пауэлл всё ещё скептичен

Глава ФРС США Джером Пауэлл на фоне взлета BTC до $100,000 заявил, что Биткоин — не соперник доллара, а «виртуальное золото». По его словам, криптовалюта слишком нестабильна, чтобы стать платежным средством на постоянной основе.

Куда летит Bitcoin? Аналитики ждут параболический рост

По мнению экспертов, Bitcoin вот-вот всех удивит. Так, один из известных аналитиков считает, что мы только что вошли в фазу мощного роста, которая продлится до конца 2025 года. Криптоаналитик под псевдонимом Rekt Capital заявил, что прорыв Биткоина выше $69,000 — это сигнал к началу «параболического роста».

Сколько заработали те, кто вложились в Bitcoin 10 лет назад?

Если бы вы купили Биткоин 10 лет назад, в 2014 году, когда он стоил $378, сегодня вы бы получили просто невероятную прибыль. Вот для сравнения доход от инвестиций в BTC при разных суммах вложений: $100 стали бы $25,159 $500 — $125,795 $1000 — $251,590.

Bitcoin в 2024: $100К или $150К — чем закончится этот год?

Последние аналитические данные показывают, что шансы на то, что Биткойн достигнет $100 000 до конца 2024 года, сейчас составляют 45%. Это гораздо больше, чем еще пару недель назад, когда вероятность была только 34%.