{"id":22091,"date":"2024-06-06T11:00:05","date_gmt":"2024-06-06T08:00:05","guid":{"rendered":"https:\/\/coinengineer.io\/?p=22091"},"modified":"2024-06-06T09:33:35","modified_gmt":"2024-06-06T06:33:35","slug":"bitcoin-long-term-holders-turn-profitable-as-price-nears-all-time-high","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-long-term-holders-turn-profitable-as-price-nears-all-time-high\/","title":{"rendered":"Bitcoin Long-Term Holders Turn Profitable as Price Nears All-Time High"},"content":{"rendered":"<p>As Bitcoin&#8217;s price breached its November 2021 all-time high, last-remaining <strong>Bitcoin<\/strong> long-term holders with unrealized losses have lately turned back into profit once again.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-long-term-holders-turn-profitable-as-price-nears-all-time-high\/#Long-Term_Holders_Back_in_Profit\" title=\"Long-Term Holders Back in Profit\">Long-Term Holders Back in Profit<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-long-term-holders-turn-profitable-as-price-nears-all-time-high\/#Future_Projections_for_Long-Term_Holders\" title=\"Future Projections for Long-Term Holders\">Future Projections for Long-Term Holders<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-long-term-holders-turn-profitable-as-price-nears-all-time-high\/#Market_Speculation_and_Future_Outlook\" title=\"Market Speculation and Future Outlook\">Market Speculation and Future Outlook<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Long-Term_Holders_Back_in_Profit\"><\/span>Long-Term Holders Back in Profit<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>A June 4 study from crypto research company Glassnode shows that <em>&#8220;0.03%&#8221;<\/em> of long-term holders, those who had held Bitcoin for more than 155 days, were still in a <em>&#8220;position of loss,&#8221;<\/em> while the price of <strong>Bitcoin<\/strong> was hovering at $68,000.<\/p>\n<p>This group mostly consists of those who bought <strong>Bitcoin<\/strong> during the 2021 bull cycle\u2014when it peaked in November 2021 at $69,000.<\/p>\n<p>With around 4,900 <strong>Bitcoin<\/strong> acquired above the current market price, Glassnode observed that even at $68,000, the entire amount of long-term holders at a loss was <em>&#8220;negligible.&#8221;<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Future_Projections_for_Long-Term_Holders\"><\/span>Future Projections for Long-Term Holders<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>All long-term <strong>Bitcoin<\/strong> holders will stay profitable as long as the currency&#8217;s value exceeds $69,000 over the next few months. But on Aug. 13, the 155-day LTH period will incorporate March 11, the day Bitcoin skyrocketed to $72,110.<\/p>\n<p>Short-term holders, those with <strong>Bitcoin<\/strong> for less than 155 days, are bearing most of the unrealized losses, Glassnode observed. These are mostly people who bought in March ahead of March 13&#8217;s all-time high of $73,679.<\/p>\n<p><em>&#8220;The vast majority of market losses are being borne by the Short-Term Holder cohort; this is usually observed during bull market corrections from new ATHs,&#8221;<\/em> it said.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Market_Speculation_and_Future_Outlook\"><\/span>Market Speculation and Future Outlook<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Glassnode thinks the current price increase is generating fresh market excitement.<\/p>\n<p><em>&#8220;After a multi-month pricing consolidation, the first hints of market speculation seem to be returning,&#8221;<\/em> it said.<\/p>\n<p>Bitcoin is still failing to reach its all-time high, though, even if it is coming really close.<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/bitcoin-may-hit-new-high-if-us-employment-and-inflation-slow\/\"><em><span style=\"font-weight: 400;\">This Might Interest You:\u00a0 Bitcoin May Hit New High If US Employment and Inflation Slow<br \/>\n<\/span><\/em><\/a><\/p>\n<p>Bitcoin&#8217;s price on June 6 surpassed $72,000 but fell short, reversing back to $71,000.<\/p>\n<p>According to 10x Research director Marcus Thielen, the United States employment report is scheduled to be published on June 7 and the Consumer Price Index will be published on June 11. Should both print lower results, it might help drive Bitcoin to new all-time highs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Bitcoin&#8217;s price breached its November 2021 all-time high, last-remaining Bitcoin long-term holders with unrealized losses have lately turned back into profit once again. Long-Term Holders Back in Profit A June 4 study from crypto research company Glassnode shows that &#8220;0.03%&#8221; of long-term holders, those who had held Bitcoin for more than 155 days, were<\/p>\n","protected":false},"author":6,"featured_media":18123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1,7],"tags":[61,5335],"class_list":["post-22091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-genel","category-market-analysis","tag-bitcoin","tag-long-term-holding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Long-Term Holders Turn Profitable as Price Nears All-Time High<\/title>\n<meta name=\"description\" content=\"Bitcoin&#039;s price surge to $72,000 brings long-term holders back into profit, with market speculation on the rise 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