Bitcoin LTH Profitability Outpaces STHs: Is A New Bullish Phase About To Comm...
Crypto analyst with the username PelinayPA has noted a recent shift in Bitcoin traders’ profitability with potentially strong bullish implications. Notably, the premier cryptocurrency continues to trade within the $115,000 price region after earlier price gains on Thursday were followed by a correction of equal measure. Related Reading: Bitcoin Market Structure Strengthens As Cooling Z-Score […]
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The latest analysis by Glassnode suggests that the worst of the sell-offs could be concluded, but the market still needs time to recover. “Extreme” demand at the $20,000 price point for Bitcoin (BTC) appears to have forced the coins back into the hands of investors who care less about price while creating a new realized price level.In the latest The Week OnChain Newsletter published on Monday, Glassnode’s UkuriaOC pointed to “extreme demand” around the $20,000 region, noting that each psychological price level from $40,000 to $30,000 to $20,000 creates a new group of short-term holders....
On-chain data shows the divergence between the Bitcoin long-term holders and short-term holders has grown to record levels recently. Bitcoin Market Has Been Continuing Its Shift Towards HODLing As an analyst in a post on X explained, the gap between the speculators and HODLers in the market has only grown wider recently. The “short-term holders” (STHs) and the “long-term holders” (LTHs) are the two primary cohorts that the entire Bitcoin market can be divided into. The STHs refer to all those investors who purchased their coins less than 155 days ago, while the LTHs....
Bitcoin is under pressure after struggling for several days to hold above the $120,000 mark, and now the $115,000 level has become the key battleground. The latest price action shows increased volatility as momentum shifts toward the bears, raising concerns about whether BTC can sustain its consolidation range or risk breaking lower. Related Reading: Ethereum Hits $4,350 Liquidity Pool: Can Demand Hold? Despite reaching new all-time highs earlier this month, Bitcoin’s inability to maintain strength above resistance zones has fueled speculation of a possible deeper correction. Traders are....
Bitcoin mining profitability is subject to a number of things and recently these factors have been affecting mining profitability, hence putting it under pressure. The amount of money miners are making from carrying out their activities are low, contributed by the growing hashrate, mining difficulty, and last but not least, the price of the digital […]
Bitcoin mining has been seeing a decline in profitability in recent times. This comes as no surprise given the drop in the value of the token and since profitability largely depends on what price BTC is trading at, it has led to a decline in cash flow. As the ripple effects of the market crash […]