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Long-term Bitcoin holders are emerging Signs of growing greed As the price of BTC is steadily approaching the $100,000 mark. One cryptocurrency analyst has emphasized the importance of this market trend, highlighting that it is possible Top Bitcoin Market It could be coming in the next few months.
Long-term shareholders remain greedy
On-chain data from Glassnode reveals that long-term holders of Bitcoin exhibit a significant level of greed, which continues to increase as the price of Bitcoin rises. BTC maintains its upward trajectory. While the flagship cryptocurrency approaches the expected $100,000 figure, long-term holders of this coin, or HODLers, remain relentless, There were no signs of their property being sold Despite the rise in prices and the increase in profits.
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Data From market intelligence platform IntoTheBlock indicates that 98% of Bitcoin holders make profits At the current market price. This confirms Bitcoin’s impressive performance this month, as is the case with most… Long term owners It acquired its holdings at prices below the current market valuation of BTC.
Popular cryptocurrency analyst Ali Martinez was mentioned on X (formerly Twitter) mail Historically, a growing increase in the greed of long-term Bitcoin holders signals the possibility of an imminent price jump to new highs. He revealed that when the greed of coin holders showed high levels in previous bull cycles, it took 8 to 11 months for Bitcoin to reach a new market high.
The analyst predicted that if this trend continues, the market should expect Bitcoin to reach a potential price peak between June and September 2025. Based on his price chart, Long term Bitcoin holders He displayed extreme levels of greed during previous bull markets following semi-circular events.
A steady increase in the greed of long-term coin holders can be considered a good sign, as this indicates that there are fewer coins in circulation or available for circulation, eventually leading to scarcity. with High demand for Bitcoin Amid bullish market trends, the price of the cryptocurrency may eventually rise Hit the coveted $100,000 price tag.
While the broader market and many cryptocurrency analysts expect a breakout to $100,000, many Bitcoin holders are showing stability. The solution is by sticking to their assets. This unwavering courage in Bitcoin’s potential discourages panic selling during the current bull market, as the market still stands. Optimistic about further price increases In cryptocurrency.
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Bitcoin price could reach $100,000 today
Recently Share XMartinez revealed that today could be the day that Bitcoin finally reaches its all-time high of $100,000. The analyst revealed that SuperTrend indicator On the hourly chart, Bitcoin has turned bullish, indicating that prices have broken through the resistance trend line and level Relative Strength Index (RSI).
the Bitcoin price It is currently trading at $98,288, reflecting a 7.16% increase over the past week. To reach the $100,000 level, the cryptocurrency needs to rise by $1,712, which would require an increase of only 1.74% from its current price.
Featured image created with Dall.E, chart from Tradingview.com