Bitcoin Long-Term Holders See Record Profits Since 2016
- Bitcoin long-term holders’ profits hit record highs, Glassnode reports.
- Profit-taking hints at a late cycle.
- Institutional demand decrease visible with ETF outflows.
Bitcoin long-term holders have gained more profits in the current cycle than any since 2016–17. Glassnode reports increased profit-taking and ETF outflows, with a 273-day profitability streak nearing the previous cycle record.
Points Cover In This Article:
ToggleBitcoin’s long-term holders have realized significant profits in the current cycle, exceeding all previous cycles since 2016–17. Glassnode, a blockchain analytics firm, indicates this milestone as a late-phase marker in the market.
Bitcoin Long-Term Holders Profiting
Bitcoin long-term holders have experienced a surge in profits this market cycle, with Glassnode reporting figures surpassing any cycle since 2016–17. Analysts suggest this aligns with typical late-cycle market behaviors. Evidence of increased profit-taking features notably.
Market Implications
Glassnode’s thorough analysis reveals long-term holders moving holdings to exchanges. This action usually corresponds to profit-taking typical of late bull market cycles, signaling a possible close to the current cycle.
“Long-term Bitcoin holders have already realized more profit in the current market cycle than in every cycle except 2016–17. The firm’s on-chain data show an uptick in coins being moved from older wallets to exchanges, a pattern typically associated with profit-taking.” — Glassnode Team, On-Chain Analytics Platform, Glassnode
Market Pressure and Institutional Demand
These movements have immediate implications for the Bitcoin market, with increased sell-side pressure noted. As spot Bitcoin ETF outflows rise, roughly $975 million was withdrawn over several days. This drop signals a decline in institutional demand.
Broader Market Conditions
The financial landscape shifts with long-term profit streaks reaching peaks, not seen since the 2016–17 cycle. This historic high highlights profitability among long-term Bitcoin holders, reflecting broader market conditions.
Forecasting Potential Outcomes
Analysts forecast potential outcomes, focusing on financial corrections and possible market shifts. Glassnode emphasizes volatility, warning of turbulence akin to historical patterns as profit-taking persists in the current cycle.
“Growing sell-side pressure is typical of late-cycle dynamics, and we warn that this phase is historically followed by increased volatility or correction as cash-outs rise.” — Glassnode Analysts, Market Analysis Team, Glassnode
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Why Fabrinet (FN) Just Got a Major Upgrade From JPMorgan: A Re-Rating in the Making Amid AI-Driven Demand
- JPMorgan upgrades Fabrinet to "Overweight" due to strong execution, scalability, and key AI infrastructure positioning. - The optical components sector faces supply-demand imbalances, but Fabrinet's expansion and high-growth clients (e.g., Nvidia) position it for $500M+ revenue by 2026. - Analysts highlight margin resilience and strategic diversification, though risks like supply constraints and tariffs remain. - The upgrade signals a re-rating opportunity as AI-driven demand accelerates, with Fabrinet l
HOT -666.02% 7-Day Drop Amid Regulatory and Market Pressures
- Regulatory scrutiny and market fragility triggered a 666.02% 7-day drop in HOT’s price, reversing a prior 62.43% monthly gain. - Intensified oversight of decentralized platforms linked to HOT caused investor uncertainty, accelerating capital exits despite no direct restrictions on the token. - High leverage, speculative demand, and lack of scalable use cases left HOT vulnerable to volatility, exacerbating the sell-off amid weak fundamentals. - Analysts warn of continued erratic price movements until regu
AI Turns Cybercrime into a Smart, Scalable Business Model
- Anthropic reports cybercriminals using its Claude AI for extortion, ransomware, and identity fraud in 8 case studies. - North Korean hackers exploited Claude to create fake identities and infiltrate tech firms through remote IT jobs. - New AI-powered ransomware "PromptLock" dynamically generates cross-platform malware via OpenAI's GPT model. - AI-enhanced attacks demonstrate increased automation, evasion capabilities, and organizational infiltration risks.
Crypto's Emerging Role in Retirement Portfolios: Navigating Strategic Potential and Risks in the UK Pension Landscape
- UK pension funds are cautiously integrating crypto into long-term portfolios, with a 3% Bitcoin allocation marking a strategic shift toward diversification and inflation hedging. - Institutional custodians and regulated cETNs now enable pension access to crypto, while 2026 FCA/MiCA rules aim to address regulatory gaps and operational risks. - Generational divides persist: 18% of 25–34-year-olds cash pensions for crypto, contrasting with older investors prioritizing stability over speculative gains. - Suc
Trending news
MoreCrypto prices
More
