đȘ Bitcoin long-term holders continue accumulating aggressively even as BTC struggles near local lows.
đ According to CryptoQuant, the amount of BTC held by investors who have not moved coins for over 5 months has reached a new all-time high:
âĄïž 16.1 million BTC
âĄïž worth roughly $950B.
⥠At the same time, selling activity from this group has dropped near historical lows, suggesting current market pressure is mainly coming from short-term holders and weaker hands.
đ The average cost basis for these long-term holders is now estimated around:
âĄïž $48.4K per BTC.
That means many of them are sitting on only ~24% unrealized profit â a level that historically has often appeared near market bottoms.
đ§ CryptoQuant notes the key risk scenario would be:
â BTC breaking below $48K and triggering widespread long-term holder selling.
However, if Bitcoin continues falling while long-term holders still refuse to sell, it could become a very bullish signal that:
âą sell-side pressure is getting exhausted
âą weak hands are already flushed out
âą and bears may be running out of momentum.
#NewsAboutCrypto $BTC $ETH $BEAT
đ According to CryptoQuant, the amount of BTC held by investors who have not moved coins for over 5 months has reached a new all-time high:
âĄïž 16.1 million BTC
âĄïž worth roughly $950B.
⥠At the same time, selling activity from this group has dropped near historical lows, suggesting current market pressure is mainly coming from short-term holders and weaker hands.
đ The average cost basis for these long-term holders is now estimated around:
âĄïž $48.4K per BTC.
That means many of them are sitting on only ~24% unrealized profit â a level that historically has often appeared near market bottoms.
đ§ CryptoQuant notes the key risk scenario would be:
â BTC breaking below $48K and triggering widespread long-term holder selling.
However, if Bitcoin continues falling while long-term holders still refuse to sell, it could become a very bullish signal that:
âą sell-side pressure is getting exhausted
âą weak hands are already flushed out
âą and bears may be running out of momentum.
#NewsAboutCrypto $BTC $ETH $BEAT
