Long-Term Bitcoin Holders Remain Greedy Amid Price Break Toward $100,000, Why This Is Good
Long-term Bitcoin holders are showing up Signs of growing greed As BTC price steadily approaches the $100,000 mark. A cryptocurrency analyst highlights the importance of this market trend and highlights possible scenarios Bitcoin market peaks It’s likely to arrive within the next few months.
Long term holders remain greedy
Glassnode’s on-chain data shows that long-term Bitcoin holders are exhibiting clear levels of greed, which is increasing as Bitcoin’s price rises. BTC maintains bullish trajectory. While the flagship cryptocurrency is approaching the expected $100,000 milestone, these long-term holders, or HODLers, are holding on, No sign of selling stake Despite rising prices, profits increased.
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data According to market intelligence platform IntoTheBlock, 98% Bitcoin holders are making profits at current market prices. This highlights Bitcoin’s stellar performance this month as most long term holders The assets it held were acquired at a price lower than the current market valuation of BTC.
Popular cryptocurrency analyst Ali Martinez noted in X (formerly Twitter) postal Historically, increasing levels of greed among long-term Bitcoin holders indicate that the price may be about to jump to new highs. He revealed that when holders’ greed showed high levels in previous bull cycles, Bitcoin took 8-11 months to reach a new market top.
The analyst predicts that if this trend holds, the market should expect Bitcoin to reach a potential price peak between June and September 2025. According to his price chart, Long term Bitcoin holders Extreme levels of greed have been demonstrated in previous bull markets following cyclical halving events.
A steady increase in the greed of long-term holders can be seen as a good sign, as it indicates that fewer coins are in circulation or tradable, ultimately creating scarcity. and Bitcoin demand rises Amid bullish market trends, cryptocurrency prices may finally Reaching the coveted $100,000 price mark.
Although the broader market and numerous cryptocurrency analysts expect Bitcoin prices to exceed $100,000, many Bitcoin holders are showing determination Solved by holding assets. This unwavering courage in Bitcoin’s potential prevented panic selling during the current bull run as the market remained Optimistic about further price increases in cryptocurrencies.
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Bitcoin price could hit $100,000 today
in the most recent X postsMartinez revealed that today could be the day that Bitcoin finally reaches an all-time high of $100,000. Analysts revealed, super trend indicator Bitcoin has turned bullish on the hourly chart, indicating that the price has broken above the resistance trendline, and Relative Strength Index (RSI).
this Bitcoin price It is currently trading at $98,288, up 7.16% from the past week. To reach the $100,000 milestone, the cryptocurrency would need to rise by $1,712, which would require a rise of just 1.74% from the current price.
Featured image created using Dall.E, chart from Tradingview.com
