Latest news with #longTermHolders
Yahoo
09-07-2025
- Business
- Yahoo
Cathie Wood's ARK: Bitcoin's Bullish Momentum Slows as Long-Term Holder Stacks Hit Record
Bitcoin's price saw a modest 2.55% increase in June, failing to surpass its May peak of $112,000. The cryptocurrency continues to trade within a narrow range, reflecting a period of consolidation, according to ARK Invest's latest Bitcoin Monthly report. A significant development highlighted in the report is the rise in long-term holders (LTHs), who now possess 74% of the total bitcoin supply — a level not seen in 15 years. This suggests a strong conviction among seasoned investors, even as the influx of new buyers diminishes. However, the report also points to a decline in on-chain capital flows during the second quarter, as measured by the Market-Value-to-Realized-Value (MVRV) momentum metric. This downturn indicates a cooling in market enthusiasm and a potential shift in investor sentiment. In the broader economic context, the U.S. dollar (as measured by the Fed's Nominal Broad Trade Weighted Dollar Index) keeps climbing, defying the dominant narrative of dollar debasement that has fueled long-term bullish sentiment in crypto. Meanwhile, inflation showed continued signs of easing, raising questions about bitcoin's traditional appeal as an inflation hedge — though, on the flip side, lower inflation may also lead to lower federal funding rates, something that tends to boost risk-on assets like tech stocks and cryptocurrencies. Housing appears to be a weak link, the report noted, highlighting a growing gap between elevated homeowner expectations and a sharp drop in home sales. This divergence hints at potential strain in consumer confidence and broader economic activity. Sign in to access your portfolio
Yahoo
05-07-2025
- Business
- Yahoo
Bitcoin Long-Term Holders Signal Patience in Market
According to Glassnode, long-term holders (LTHs) are defined as investors who have held bitcoin (BTC) for at least 155 days. CoinDesk Research indicates that one reason bitcoin has ye to reach new all-time highs has been selling pressure from these long-term holders. However, zooming out, Glassnode data shows that the percentage of bitcoin's circulating supply that has not moved in at least three years currently stands at 45%, which is the same level observed in February 2024, one month after the launch of the US exchange-traded fund. Three years ago, in July 2022, the market was in the midst of the leverage crisis triggered by the collapse of 3AC and Celsius during the last bear market, when bitcoin was priced at $20,000, which shows the conviction of LTHs. Meanwhile, the share of circulating supply that has not moved in at least five years is at 30% and has remained flat since May 2024. So, even though long-term holders are selling, as they typically do when prices climb higher, these data points suggest that the broader cohort has not significantly changed its aggregate behavior for over a year now, implying that many are waiting for higher prices before making further in to access your portfolio
