长期持有者

🚀 Bitcoin's dominance continues to grow, thanks to strong support from long-term holders

🔮 Let's talk about how Bitcoin's dominance in the market is getting stronger and stronger. Recently, the influence of stablecoins and altcoins has been declining sharply, while Bitcoin has been bucking the trend and consolidating its market position. $BTC
📊 According to Glassnode's latest report, since the cycle low in November 2022, Bitcoin's market share has soared from 38% to 56%, which is really impressive! At the same time, Ethereum's market share has fallen by 1.5%, and the shares of stablecoins and altcoins have also fallen by 9.9% and 5.9%, respectively.

💰 Despite the ups and downs of the market, long-term holders are still able to steadily make about $138 million in profits every day. Glassnode also found that despite the daily selling pressure faced by these investors, it actually reflects the huge amount of capital required to maintain a stable price for Bitcoin.

🔄 The report also noted that despite volatile market conditions, Bitcoin's price gains have been generally flat over the past few months, showing that the market is reaching some kind of balance.

📈 Interestingly, long-term holders have increased and short-term investors have suffered. Data shows that the supply of long-term holders is increasing rapidly, and their holding behavior far exceeds their spending. However, short-term holders have suffered huge losses during the recent economic downturn.

🤔 Glassnode analysis shows that Bitcoin's plunge of more than 15% to a six-month low in the first week of August was triggered by the "overreaction" of short-term holders. Currently, many short-term investors who bought during the 2024 rally are facing unrealized losses.

🧐 However, despite the blow to investor sentiment, the report believes that the situation may not be as bad as it seems.

💬 What do you think about the increase in Bitcoin's market dominance? Do you think the support of long-term holders is a decisive factor in market trends? What is your investment strategy in the current market environment? Welcome to share your views in the comment area!

#比特币主导地位 #加密货币市场 #长期持有者 #比特币

The following are some ratio changes in #BTC long-term holders over 3-5 years, 5-7 years, 7-10 years, and over 10 years in 2024. #hold , or #长期持有者 , changes in holdings can also be referenced. Generally, long-term holders tend to cash out at relatively high positions, while short-term holders are more engaged in speculative trading.

As the price of #比特币 reaches a new high in December 2024, approximately 139 long-dormant wallets were activated, transferring a total of about $613 million worth of “sleeping” Bitcoin, including:
1. Dormant wallets dating back to 2014 executed 26 transactions, transferring 1,077.2151 BTC;
2. Dormant wallets dating back to 2015 executed 9 transactions, transferring 383.55 BTC;
3. Dormant wallets dating back to 2016 executed 17 transactions, transferring 373.85 BTC;
4. Dormant wallets dating back to 2017 executed 47 transactions, transferring 1,076.01010393 BTC.

🤔 On-chain indicators show signs of accumulation by long-term holders, but analysts have differing views on market trends

Recently, Bitcoin prices have shown a moderate upward trend, and the group of long-term holders has gradually increased their holdings. On-chain analysis expert Axel Adler Jr. pointed out that despite continuous market volatility, the supply of Bitcoin by long-term holders is indeed on the rise. This phenomenon may indicate that Bitcoin prices are about to experience a new round of significant increases, reminiscent of historical bullish markets.

Currently, over 90% of the total Bitcoin supply is in profit, and market sentiment is generally positive. In the absence of obvious adverse factors, the market is expected to welcome a bullish trend similar to that of 2017.

Although Bitcoin prices have recently retraced, raising doubts about the bullish outlook, there is no need to worry excessively. Many investors remain optimistic, and Bitcoin's trading volume has even increased by nearly 31% in the past 24 hours, indicating that market activity is still strong.

However, according to cryptocurrency analyst Ali Martinez, this recent drop in Bitcoin prices might lead to a bearish head and shoulders pattern. He pointed out that Bitcoin has broken below the previously established support line between $95,400 and $98,400, where approximately 1.8 million addresses purchased over 1.5 million Bitcoins.

Therefore, he believes that $92,000 is a very important support level moving forward, and if it breaks below this price, Bitcoin could further decline to $74,000, as there has been rapid price increases since the U.S. elections, with relatively few support levels before the $74,000 mark.

💬 What are everyone's views on the upcoming trends for Bitcoin? If it were you, would you choose to increase, decrease, or hold your position at this stage?

#比特币 #加密货币 #投资趋势 #市场分析 #长期持有者

The balance of CEX on-site #BTC has shown a significant rebound after hitting a historical low last week. Recent data shows that the balances and capital flows of various CEX Bitcoin wallets are different, with an outflow state over the past 30 days, while in the short term, the last 7 days have shown a net inflow. The market funds are diverging, with some investors possibly selling at highs and others buying at lows.
Since December 19, the CEX on-site BTC balance has rebounded significantly, which is closely related to the drop in BTC prices following the hawkish interest rate decision on #美联储会议 last week. We speculate that this may be due to leading funds choosing to take profits and reduce holdings at relatively high levels to prevent market uncertainty, causing some selling pressure and leading to a market pullback.
Another piece of data can also help verify this, as the acceleration of BTC selling behavior over the past 30 days indicates that holding BTC is no longer the default behavior for all market participants. The short-term holder supply ratio of #长期持有者 has dropped to 3.78, the lowest level in this cycle, indicating increased trading activity in the market. #短期持有者 is more active, and the market sentiment is complex and changeable, with investors showing divergence regarding the future trend of Bitcoin.

💰 The average holding period for LTC is 2.6 years, second only to Bitcoin, surpassing Ethereum!

According to the latest data from IntoTheBlock, the average holding time for Litecoin has reached 2.6 years, which not only surpasses Ethereum but also makes it the second only to Bitcoin among all cryptocurrencies!

Speaking of Bitcoin, it holds the top position with an average holding time of 4.4 years, further solidifying its status as 'digital gold.' Despite market fluctuations, interest in Bitcoin is steadily growing among both institutional and retail investors.

Now, back to Litecoin (LTC), often referred to as 'the silver to Bitcoin.' This title is well-deserved, as the number of long-term holders of Litecoin demonstrates its appeal to investors. This indicates that despite the ever-changing market, Litecoin enthusiasts remain steadfast in holding their assets.

Interestingly, the average holding period for Ethereum, Dogecoin, and Shiba Inu is 2.4 years. This may suggest that these originally perceived more speculative 'meme coins' are gradually changing their image, with their holders beginning to value long-term potential.

Other cryptocurrencies, such as Chainlink (LINK) and Toncoin (TON), have an average holding period of 1.9 years, while Tron (TRX) and Cardano (ADA) stand at 1.2 years. This reflects the diversity of holding strategies and beliefs within different cryptocurrency communities.

As for stablecoins Tether (USDT) and Avalanche (AVAX), their holding periods are the shortest, at 8.9 months and 7.7 months respectively. This is not surprising, as USDT is primarily used as a trading pair and exchange medium rather than a long-term investment.

So, what do these data tell us? The cryptocurrency market is maturing, with investors increasingly leaning towards long-term holding rather than short-term trading. This could be a sign of growing market confidence or an affirmation of investors' belief in the future potential of cryptocurrencies.

📈 What are your thoughts on this data? Do you think the number of long-term holders for Litecoin will continue to grow? Or do you believe other cryptocurrencies will catch up?

#莱特币 #加密货币趋势 #长期持有者 #LTC #平均持仓时间

Yesterday we talked about #长期持有者 #hodl holding #BTC☀ , which accounts for approximately 69% of the circulating supply, while currently about 16.6% of the Bitcoin supply is held by #短期持有者 . With new capital inflows, there may be more new funds entering the Bitcoin market in the future. Historical data reference: In 2021 and 2017, when BTC peaked, short-term holders held 25% and 70% of the circulating supply.

🚀Report: Bitcoin wealth is gradually shifting from long-term holders to new investors

According to a report from Glassnode, during the Bitcoin bull market, the profit-taking of long-term holders and the increase in demand from new entrants have led to a significant transfer of wealth from long-term holders to new investors, which is also one of the signs of the maturity of the Bitcoin market.

The report points out that despite the huge profits made by long-term Bitcoin holders, the demand from new investors remains strong. This phenomenon shows that the depth and diversity of the Bitcoin ecosystem are increasing, thanks to the active participation of institutional and retail investors.

And this year, long-term holders, especially those who hold for 6 to 12 months, have become the main force of seller pressure. Those who have held for more than three years are relatively calm and may need higher prices to stimulate their desire to sell.

This cycle is natural in the Bitcoin market. When prices rise, long-term holders will distribute wealth and new investors will absorb supply. Although veterans are taking profits in large quantities, new investors have shown resilience and provided liquidity to maintain Bitcoin's upward momentum.

Speaking of volatility, the volatility of the current Bitcoin cycle has been reduced compared to the previous bull market. The biggest drop in August was 32%, which was smaller than the corrections in previous cycles. Analysts attribute this stability to increased institutional participation, as well as the launch of spot Bitcoin ETFs and wider acceptance of digital assets.

Although Bitcoin prices have soared more than 150% this year to a record high of $108,600, the market does not seem to be overheated. Glassnode's AVIV ratio (a measure of unrealized profits) shows that the market has not yet reached the typical state of excitement at the peak of the bull market. This means that the market has further potential to rise before profit-taking overwhelms demand.

In summary, the interaction between long-term holders and new demand will continue to be crucial in the changes in Bitcoin price dynamics. Although seller pressure may intensify as prices rise, the current resilience of new investor activity shows that the market has the ability to maintain its momentum.

💬Finally, do you think Bitcoin's wealth transfer will continue to drive the market up?See you in the comments section!

#比特币 #财富转移 #牛市分析 #长期持有者 #投资趋势