{"id":625603,"date":"2024-06-20T16:00:56","date_gmt":"2024-06-20T16:00:56","guid":{"rendered":"https:\/\/ktsl888.com\/?p=625603"},"modified":"2024-07-10T10:53:51","modified_gmt":"2024-07-10T10:53:51","slug":"87-of-bitcoin-hodlers-laughing-all-the-way-to-the-bank-heres-why","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/87-of-bitcoin-hodlers-laughing-all-the-way-to-the-bank-heres-why\/","title":{"rendered":"87% Of Bitcoin Hodlers Laughing All The Way To The Bank – Here’s Why"},"content":{"rendered":"

For investors, the situation of the Bitcoin market now presents a mix of hope and caution. With their investments more than their initial purchase cost, over 87% of Bitcoin owners are in profit.<\/p>\n

Related Reading: Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing?<\/a><\/div>\n

Glassnode<\/a> data shows that these investors are typically realising unrealised gains of 120%, a noteworthy amount that mirrors the major surge driving Bitcoin<\/a> to its all-time high in March.<\/span> Still, the market shows both positive long-term trends and some short-term uncertainty that demand careful study notwithstanding these advances.
\n<\/span><\/p>\n

\"\"
Source: Glassnode<\/a><\/figcaption><\/figure>\n

Profitability And Market Metrics<\/strong><\/h2>\n

Among investors in Bitcoin, there is clear profitability. Key indicator of market mood, the MVRV (Market Value to Realised Value) index stays much above its annual average.<\/span> This indicator of average unrealised profit throughout the market gauges the ratio of Bitcoin’s market value to its realised value.
\n<\/span><\/p>\n

A high MVRV ratio suggests that most investors are sitting on significant unrealised gains, so presenting a good image of the state of the market.<\/span> The resilience of long-term investors who bought the dip and are now seeing their foresight rewarded contrasts with the recent market volatility.
\n<\/span><\/p>\n

\"\"
Source: Glassnode<\/a><\/figcaption><\/figure>\n

Reduced Trading Activity And Demand<\/strong><\/h2>\n

Though the market is generally profitable, trading activity of Bitcoin is clearly declining.<\/span> Once defining the market, the active speculative trading has greatly reduced.
\n<\/span><\/p>\n

Previously profite on price swings, day traders have pulled back, lowering trading volumes and driving down demand. Lack of speculative trading has caused Bitcoin prices to stagnate, now limited to a clearly defined range.<\/span> The present situation of the market might be compared to a calm phase following a storm, in which activity is limited and prices move only gradually without notable change.
\n<\/span><\/p>\n

BTC is now trading at $65,612. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Investor Caution And Market Sentiment<\/strong><\/h3>\n

The lower trading activity indicates investors’ more general cautious attitude.<\/span> Based on the present phase of consolidation, many investors seem to be waiting and seeing the state of the market before making any firm decisions.
\n<\/span><\/p>\n

On-chain statistics showing a notable decline<\/a> in Bitcoin movement into exchanges supports this wary attitude even further.<\/span> Usually, as holders try to sell their positions, a spike in Bitcoin flows to exchanges foreshadows sales activity. The present drop in these transfers suggests that rather of selling, both short-term and long-term holders would rather keep onto their assets.<\/span>
\n<\/span><\/p>\n

Related Reading: SEC Drama Fuels XRP Rally: Open Interest Skyrockets<\/a><\/div>\n

Once avidly trading Bitcoin for fast gains, short-term holders are now moving far less coins than at the high witnessed in March. This behaviour points to a change towards a more conservative approach, maybe in line with expected future price swings.<\/span> Conversely, long-term investors seem happy to keep their positions and show faith in Bitcoin’s long-term possibilities despite the temporary market stagnation.
\n<\/span><\/p>\n

Featured image from Adobe Stock, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

For investors, the situation of the Bitcoin market now presents a mix of hope and caution. With their investments more than their initial purchase cost, over 87% of Bitcoin owners are in profit. Related Reading: Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing? Glassnode data shows that these investors are typically realising unrealised gains of 120%, a noteworthy amount that mirrors the major surge driving Bitcoin to its all-time high in March. Still, the market shows both positive long-term trends and some short-term uncertainty that demand careful study notwithstanding these advances. Profitability And Market Metrics Among investors in Bitcoin, there is clear profitability. Key indicator of market mood, the MVRV (Market Value to Realised Value) index stays much above its annual average. This indicator of average unrealised profit throughout the market gauges the ratio of Bitcoin’s market value to its realised value. A high MVRV ratio suggests that most investors are sitting on significant unrealised gains, so presenting a good image of the state of the market. The resilience of long-term investors who bought the dip and are now seeing their foresight rewarded contrasts with the recent market volatility. Reduced Trading Activity And Demand Though the market is generally profitable, trading activity of Bitcoin is clearly declining. Once defining the market, the active speculative trading has greatly reduced. Previously profite on price swings, day traders have pulled back, lowering trading volumes and driving down demand. Lack of speculative trading has caused Bitcoin prices to stagnate, now limited to a clearly defined range. The present situation of the market might be compared to a calm phase following a storm, in which activity is limited and prices move only gradually without notable change. Investor Caution And Market Sentiment The lower trading activity indicates investors’ more general cautious attitude. Based on the present phase of consolidation, many investors seem to be waiting and seeing the state of the market before making any firm decisions. On-chain statistics showing a notable decline in Bitcoin movement into exchanges supports this wary attitude even further. Usually, as holders try to sell their positions, a spike in Bitcoin flows to exchanges foreshadows sales activity. The present drop in these transfers suggests that rather of selling, both short-term and long-term holders would rather keep onto their assets. Related Reading: SEC Drama Fuels XRP Rally: Open Interest Skyrockets Once avidly trading Bitcoin for fast gains, short-term holders are now moving far less coins than at the high witnessed in March. This behaviour points to a change towards a more conservative approach, maybe in line with expected future price swings. Conversely, long-term investors seem happy to keep their positions and show faith in Bitcoin’s long-term possibilities despite the temporary market stagnation. Featured image from Adobe Stock, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":625618,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,6664,14690,12609],"class_list":["post-625603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-crypto-news","tag-hodl"],"acf":[],"yoast_head":"\n87% Of Bitcoin Hodlers Laughing All The Way To The Bank<\/title>\n<meta name=\"description\" content=\"For investors, the situation of the Bitcoin market now presents a mix of hope and caution. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"87% Of Bitcoin Hodlers Laughing All The Way To The Bank – Here’s Why","url":"http:\/\/ktsl888.com\/news\/87-of-bitcoin-hodlers-laughing-all-the-way-to-the-bank-heres-why\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/87-of-bitcoin-hodlers-laughing-all-the-way-to-the-bank-heres-why\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/a_4cd52c.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/a_4cd52c.jpg?fit=2560%2C1707"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","crypto","crypto news","hodl"],"dateCreated":"2024-06-20T16:00:56Z","datePublished":"2024-06-20T16:00:56Z","dateModified":"2024-07-10T10:53:51Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"87% Of Bitcoin Hodlers Laughing All The Way To The Bank – Here’s Why\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/87-of-bitcoin-hodlers-laughing-all-the-way-to-the-bank-heres-why\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/87-of-bitcoin-hodlers-laughing-all-the-way-to-the-bank-heres-why\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/a_4cd52c.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/a_4cd52c.jpg?fit=2560%2C1707\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"crypto\",\"crypto news\",\"hodl\"],\"dateCreated\":\"2024-06-20T16:00:56Z\",\"datePublished\":\"2024-06-20T16:00:56Z\",\"dateModified\":\"2024-07-10T10:53:51Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/a_4cd52c.jpg?fit=2560%2C1707","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/625603"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=625603"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/625603\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/625618"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=625603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=625603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=625603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}