Bitcoin Holders Locking In Gains As Profit-Taking Surges Amid Market Recovery...
Bitcoin is heavily riding the renewed bullish wave observed across the broader crypto industry, and its price has now reclaimed the pivotal $120,000 price level. Heightened selling pressure from investors and traders seems to have followed the ongoing upward action in BTC’s price. Massive Profit-Taking Frenzy Hits Bitcoin Investors are currently exhibiting a worrying trend […]
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Chainlink (LINK) has surged over 10% in the past few hours, pushing its price to $11.39 at the time of writing. This significant gain comes after two weeks of sideways consolidation, signaling a potential shift in momentum. Related Reading: Chainlink Drops by 64% In 5 Months, LINK Holders Unfazed: They Are Rapidly Accumulating As LINK rallies, data from Santiment, a leading crypto data intelligence platform, reveals that some daily traders are already taking profits, capitalizing on the recent price increase. This profit-taking activity highlights investors’ cautious optimism as....
Fresh on-chain data suggests that despite Bitcoin (BTC) trading close to its all-time high (ATH), long-term holders (LTHs) are not offloading their holdings. Instead, these investors are continuing to accumulate the world’s largest cryptocurrency by market capitalization, signaling their confidence in further price gains in the coming weeks. Long-Term Bitcoin Holders Are Not Selling Yet According to a recent CryptoQuant Quicktake post by contributor ShayanMarkets, profit-taking among long-term holders remains relatively low, even as BTC trades near its ATH. Historically, profit-taking....
Monday's plunge has erased almost all the gains the leading cryptocurrency had achieved in the new year.
On-chain data shows the Bitcoin long-term holders locked in a significant amount of gain around the time of the latest price plunge. Bitcoin HODLer Whales Have Shown Profit-Taking Spree Recently As explained by analyst Ali Martinez in a new post on X, long-term holder whales have participated in some profit-taking recently. “Long-term holders” (LTHs) refer to the Bitcoin investors who have been holding onto their coins since more than 155 days ago. Related Reading: Bitcoin Whales Sell 147,000 BTC Since August, Fastest Selloff Of Cycle This cohort is considered to represent the....
On-chain data shows Ethereum has just 66% of its holders in profit despite the 21% rally the cryptocurrency has seen over the past week. Ethereum Holders In Profit Still At Relatively Low Level According to data from the market intelligence platform IntoTheBlock, the recent downturn in Ethereum has significantly affected the profitability ratio of holders on the network. Related Reading: Bitcoin Investors Again Show Extreme Fear As BTC Slips To $59,000 In the drawdown, the ETH price had slipped from the $3,400 high near the end of July to the $2,100 level about a week ago. Since then,....