Long -term bitcoin The headlines have intensified their liquidations in recent weeks, which adds to bearish pressures in the market.
On Friday, these so -called patient headlines downloaded 97,000 BTC (almost $ 3 billion)which marks the largest long -term holder of a single day for sale of the year, which represents most of the recent increase in spending activity, according to the Blockchain Glassnode analysis firm.
The 14 -day mobile average currencies spent by long -term holders has increased to almost 25,000 BTC, the highest since January.
Glassnode defines long -term holders as those with a history of possessing coins for more than 155 days.
The price of Bitcoin fell by more than 3.7% to $ 108,000 on Friday and continued to decrease to $ 107,400 the early hours of Monday. At the time of writing this article, the cryptocurrency was quoted at $ 103,330, even less than 16% from its record record of $ 124,429, according to Coendesk data.
Keep in mind that the gains obtaining operation remains remarkably slower than the peaks observed at the end of 2024.
What drives profits?
Long -term headlines, including wallets that have been inactive for years, have been constantly sold since Bitcoin broke over $ 100,000 earlier this year. An explanation for this profits can be rooted in investor psychology.
Think about it in this way: how many assets in the world exchange $ 100K per piece? Maybe very few that you can quickly count on your fingers. Therefore, it is logical that investors feel that $ 100,000 per BTC is too expensive, which leads to earnings.
It also means that the market will probably take time to adapt to $ 100K as the new normality for BTC. We could continue to see a wide range operating around the six -digit pricing brand for some time, allowing investors to acclimatize to this high assessment.
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