News list for " long-term hold"
According to on-chain analyst @ali_charts, the total holdings of long-term bitcoin holders have decreased by more than 75,000 BTC in the past week.
IntoTheBlock disclosed the trend of the percentage of long-term holders of Bitcoin and Ethereum in the past year on the X platform. The data shows that the proportion of long-term holders of Bitcoin has declined, while the proportion of long-term holders of Ethereum has been rising and surpassed Bitcoin at the beginning of the year. According to the current data of the indicator, the proportion of long-term holders of Bitcoin is 62.31%, and the proportion of long-term holders of Ethereum is 75.0...
According to IntoTheBlock data, the current holdings of long-term bitcoin holders have dropped to 12.45 million, setting a new low since July 2022. The data shows that the reduction of long-term holders in this cycle is only 9.8%, compared with 15% in the 2021 bull cycle and 26% in the 2017 bull cycle.
Glassnode analysis pointed out that the current long-term holders realized profits of up to $2.02 billion per day, setting a new all-time high, exceeding the record in March. The market needs a strong demand side to fully absorb this excess supply, which may require a re-accumulation phase to fully digest. Interestingly, since the supply of long-term holders peaked in September, this group has distributed around 507,000 bitcoins, albeit a sizeable amount.
Strategists point out that in addition to long-term holders starting to sell, there are more fundamental reasons that are preventing Bitcoin from hitting the 100,000 dollar mark.
According to Spot On Chain, an investor who held INJ for a long time and made a profit of $15 million sold 243,699 INJ ($7.39 million) to Bybit and CowSwap in the past 12 hours, triggering a 7.7% price drop. Notably, the whale amassed most of the tokens in the early days (February 2021 to July 2022), with an average price of around $10.92, and later sold them twice in 2023 and 2024 for around $35.90. This resulted in an estimated total profit of $15.21 million (2.3x return) over 3.5 years.
According to Spot On Chain, 4 hours ago, a long-term holder returned to Binance after sitting idle for 5 months, depositing 50,000 ENS ($1.66 million) for a profit of $968,000. The whale accumulated 322,739 ENS in 2022 for about $13.86, sold 272,739 ENS since January 2024 for about $20.75, and now holds 50,000 ENS for an estimated total profit of $2.90 million (+ 65%).
According to Lookonchain, an hour ago, a "Diamond Hand (Long-Term Holder) " address sold another 199 BTC ($13.55 million) for a profit. The address withdrew 801 BTC ($8.25 million) from HTX at $10,297 5 years ago and sold another 500 BTC ($32.13 million) in the past month. He currently holds 301 BTC ($20.42 million) for a total profit of $44.28 million.
IntoTheBlock wrote on X that long-term bitcoin holders showed confidence last week, increasing their holdings despite concerns about recent transactions involving Mt. Gox and German government addresses.
IntoTheBlock data shows that long-term bitcoin holders have been reducing their holdings in 2024. May saw a significant reduction, with 160,000 BTC (~ $10 billion) sold. The June sell-off slowed, with 40,000 BTC leaving the wallets of long-term holders.
IntoTheBlock released a report pointing out that the data shows that long-term holders of Bitcoin started to sell off in January, but long-term holders of Ethereum are still accumulating. Currently 27.5% of the total supply of Ethereum market capitalization is in the state of staking, of which 16.3% of the staked ETH is re-staked through protocols such as Eigenlayer. This highlights the strong demand for native income from ETH holders. In addition, long-term holders may be waiting for Ethereum E...
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