{"id":28677,"date":"2024-04-04T11:05:53","date_gmt":"2024-04-04T11:05:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoins-long-term-holders-cash-in-as-new-players-enter-the-market\/"},"modified":"2024-04-04T11:05:53","modified_gmt":"2024-04-04T11:05:53","slug":"bitcoins-long-term-holders-cash-in-as-new-players-enter-the-market","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoins-long-term-holders-cash-in-as-new-players-enter-the-market\/","title":{"rendered":"Bitcoin’s Long-Term Holders Cash In as New Players Enter the Market"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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The recent rally in Bitcoin\u2019s price has been fueled by a significant shift in market dynamics, as long-term holders capitalize on profits accumulated over time. According to Glassnode\u2019s analysis report on April 2, this wave of profit-taking among seasoned investors has injected fresh momentum into the cryptocurrency market.<\/p>\n

Glassnode\u2019s analysis highlights the role of Realized Cap, a metric that tracks the transaction price for each Bitcoin, in assessing market sentiment. As Bitcoin surpasses previous all-time highs, holders who have been in profit are now seizing the opportunity to sell to a new cohort of investors, driving up the realized capitalization of the cryptocurrency.<\/p>\n

\u201cThis results in spent coins generally being revalued from a lower cost-basis, to a higher one. As these coins change hands, we can also consider this to be an injection of fresh demand and liquidity into the asset class,\u201d<\/em> explained Glassnode.<\/p>\n

New Investors on the Rise<\/strong><\/h2>\n

The influx of new investors into the market is evident from Glassnode\u2019s data, which reveals that 44% of all circulating Bitcoin is now held by addresses active for less than three months. Such a trend typically signifies a mid-stage bull market, indicating a shift in investor behavior and a surge in demand for Bitcoin at higher price levels.<\/p>\n

\u201cIf we segregate for coin-ages younger than 3 months, we can see a sharp increase over recent months, with these newer investors now owning ~44% of the aggregate network wealth,\u201d<\/em> stated Glassnode.<\/p>\n

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177% up to 5BTC + 77 Free Spins<\/strong>!<\/strong> <\/p>\n

New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

While Bitcoin\u2019s price soared to new heights, reaching a peak of $73,734 on March 14, market dynamics have since experienced fluctuations. Despite a subsequent dip and recovery, with Bitcoin hovering around $71,550 on March 28, resistance levels posed formidable challenges.<\/p>\n

Glassnode researcher Checkmatey noted that the realized capitalization is rising as older coins are revalued higher, with institutional products like GBTC accounting for a significant portion of this trend. However, as Bitcoin faces market corrections<\/a>, the dynamics of profit-taking and institutional involvement continue to shape its trajectory.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) The recent rally in Bitcoin\u2019s price has been fueled by a significant shift in market dynamics, as long-term holders capitalize on profits accumulated over time. According to Glassnode\u2019s analysis report on April 2, this wave of profit-taking among seasoned investors has injected fresh momentum into the […]<\/p>\n","protected":false},"author":34,"featured_media":28678,"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\/28677"}],"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\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=28677"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/28678"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=28677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=28677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=28677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}