Long-Term Holders

Long-term Bitcoin holders have seen their profits vanish as the market cools, with data showing a significant shift in profitability towards short-term holders. Despite the downturn, reduced selling pressure could signal a potential bottom for the market.

Bitcoin’s recent correction, driven by selling pressure from long-term holders, appears to have bottomed out after a 36% decline. With selling pressure easing, the market shows signs of maturing and may be poised for recovery.

Ethereum has dropped over 32% in three months, and despite a recent bounce, key indicators like the RSI show bearish divergence. Long-term holders are also offloading hundreds of thousands of ETH, suggesting the recovery may be weak and further downside is possible.

After a recent dip, the Bitcoin price is showing signs of recovery. Analyst CryptoRank.io suggests that with short-term holders at a loss, the market may be entering a key accumulation zone, presenting a potential buying opportunity.