Best Altcoins to Buy as Long-Term $BTC Holders Continue to Remain in Profit

Bitcoin has remained sideways for the last couple of months, tossing between the $88K and $75K levels. It hasn’t made any significant moves to either side.

New data from Glassnode shows that short-term Bitcoin holders are sitting on significant unrealized losses. On the other hand, however, long-term $BTC holders are still in profit.

Keep reading to find out how Bitcoin can move in the weeks to come. We’ll also suggest some of the best altcoins you can buy to benefit from a potential $BTC rally.

Is BTC Bearish Now?

It’s still too early to say that BTC has gone into bearish territory. Although the recent dips replicate its previous bearish run patterns, the dips aren’t as sharp.

Plus, these drawdowns are mostly attributed to macroeconomic factors, including, of course, Trump’s tariffs. The fundamentals of the coin itself have little to do with these dips.

A large part of the unrealized short-term losses are also because of the recent dips. A good thing, though, is that STHs aren’t selling BTC as of now.

Their willingness to sit on some losses shows that the market participants still believe in a positive long-term proposition.

If you look at Bitcoin’s weekly chart, you’ll notice a sharp bounce from the 50 EMA, which also happens to be a critical support zone for the token.