{"id":23448,"date":"2024-11-25T21:30:12","date_gmt":"2024-11-25T21:30:12","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=23448"},"modified":"2024-11-25T21:30:12","modified_gmt":"2024-11-25T21:30:12","slug":"long-term-bitcoin-holders-remain-greedy-amid-price-break-toward-100000-why-this-is-good","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=23448","title":{"rendered":"Long-Term Bitcoin Holders Remain Greedy Amid Price Break Toward $100,000, Why This Is Good"},"content":{"rendered":"

Long-term Bitcoin holders are showing signs of growing greed<\/a> as the price of BTC steadily approaches the $100,000 mark. A crypto analyst has underscored the significance of this market trend, highlighting that a possible Bitcoin market top <\/a>could be incoming in the next few months.\u00a0<\/p>\n

Long-Term Holders Stay Greedy<\/h2>\n

On-chain data from Glassnode reveal that long-term Bitcoin holders are showing a significant level of greed, which continues to intensify as the price of BTC maintains its bullish trajectory<\/a>. While the flagship cryptocurrency inches closer to the anticipated $100,000 milestone, these long-term holders, or HODLers, stay relentless, showing no signs of selling their holdings<\/a> despite rising prices and increasing profits.<\/p>\n

Data<\/a> from the market intelligence platform IntoTheBlock indicates that 98% of Bitcoin holders are making profits<\/a> at the current market price. This underscores Bitcoin\u2019s remarkable performance this month, as most long-term holders<\/a> acquired their holdings at prices lower than BTC\u2019s current market valuation.\u00a0<\/p>\n

Popular crypto analyst Ali Martinez noted in an X (formerly Twitter) post<\/a> that historically, a growing increase in Bitcoin long-term holders\u2019 greed suggests the potential for an imminent price leap to new highs. He revealed that when holders\u2019 greed showed elevated levels in previous bull cycles, it took 8-11 months for Bitcoin to reach a new market top.<\/p>\n

The analyst has predicted that if this trend holds true, the market should expect Bitcoin to hit a potential price peak between June and September 2025. Based on his price chart, Bitcoin long-term holders<\/a> showed extreme levels of greed during the previous bull markets that followed the cyclic halving events.\u00a0<\/p>\n

The steady increase in long-term holders\u2019 greed can be taken as a good sign, as this suggests that fewer coins are in circulation or available for trading, ultimately creating scarcity. With demand for Bitcoin rising<\/a> amidst bullish market trends, the cryptocurrency price could eventually hit the coveted $100,000 price mark<\/a>.\u00a0<\/p>\n

While the broader market and numerous crypto analysts anticipate a breakthrough to $100,000, many Bitcoin holders are demonstrating firm resolve by holding onto their assets<\/a>. This unwavering courage in Bitcoin\u2019s potential discourages panic selling during the current bull market, as the market remains optimistic about further price surges<\/a> in the cryptocurrency.\u00a0<\/p>\n

Bitcoin Price Could Hit $100,000 Today<\/h2>\n

In a more recent X post<\/a>, Martinez revealed that today could be the day Bitcoin finally reaches its $100,000 all-time high. The analyst revealed that the SuperTrend indicator<\/a> on the Bitcoin hourly chart has flipped bullish, indicating that prices have broken through a resistance trend line and the Relative Strength Index (RSI)<\/a>.<\/p>\n

The price of Bitcoin<\/a> is currently trading at $98,288, reflecting a 7.16% increase over the past week. To reach the $100,000 milestone, the cryptocurrency needs to rise by $1,712, requiring only a 1.74% increase from its current price.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

Long-term Bitcoin holders are showing signs of growing greed as the price of BTC steadily approaches the $100,000 mark. A crypto analyst has underscored the significance of this market trend, highlighting that a possible Bitcoin market top could be incoming in the next few months.\u00a0 Long-Term Holders Stay Greedy On-chain data from Glassnode reveal that […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-23448","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23448"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23448"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23448\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}