{"id":26552,"date":"2024-02-22T01:40:14","date_gmt":"2024-02-22T01:40:14","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/holding-pattern-suggests-bitcoins-top-is-far-off\/"},"modified":"2024-02-22T01:40:14","modified_gmt":"2024-02-22T01:40:14","slug":"holding-pattern-suggests-bitcoins-top-is-far-off","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/holding-pattern-suggests-bitcoins-top-is-far-off\/","title":{"rendered":"Holding Pattern Suggests Bitcoin&#8217;s Top is Far Off"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>According to CryptoQuant\u2019s co-founder and chief executive Ki Young Ju, Bitcoin still has a considerable distance to cover before it reaches its cycle peak. His assessment comes from looking at a specific <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a> metric that suggests a significant portion of Bitcoin\u2019s market is in a holding pattern.<\/p>\n<p>Ki Young Ju highlights that 63% of Bitcoin\u2019s <strong>realized cap<\/strong> hasn\u2019t changed hands in over six months. The realized cap, an advanced metric, adjusts Bitcoin\u2019s market capitalization by excluding coins that are presumably lost or unspent, offering a more accurate view of the market\u2019s value.<\/p>\n<p>Looking back at past cycles, the CEO compared current figures with those from peak periods in 2021, 2018, and 2014, where the realized cap movement was much lower, at 15%, 5%, and 5% respectively. This difference indicates that Bitcoin\u2019s market dynamics are currently distinct from those peak periods.<\/p>\n<p>Another point of interest is Bitcoin\u2019s hash rate, which now stands at three times what it was at a similar price point in 2021. The hash rate, a measure of the network\u2019s computational power and thus its security and strength, underscores the network\u2019s growth and resilience.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of up to $2,500<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Furthermore, Ki Young Ju noted a significant transfer of 18,000 BTC from Coinbase to what are believed to be custodial wallets, indicating a move towards holding rather than trading or selling.<\/p>\n<p>As of the latest update, Bitcoin\u2019s price was $51,650, according to CoinMarketCap data.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/holding-pattern-suggests-bitcoins-top-is-far-off\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) According to CryptoQuant\u2019s co-founder and chief executive Ki Young Ju, Bitcoin still has a considerable distance to cover before it reaches its cycle peak. His assessment comes from looking at a specific Bitcoin metric that suggests a significant portion of Bitcoin\u2019s market is in a holding [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":26553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26552"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=26552"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/26553"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=26552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=26552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=26552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}