{"id":611794,"date":"2024-06-06T21:00:28","date_gmt":"2024-06-06T21:00:28","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=611794"},"modified":"2024-06-11T07:45:48","modified_gmt":"2024-06-11T07:45:48","slug":"bitcoin-price-surge-to-71000","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/bitcoin-price-surge-to-71000\/","title":{"rendered":"Bitcoin Price Surge To $71,000 Sends All Long-Term Holders Into Profit, What About Short-Term Holders?"},"content":{"rendered":"

Bitcoin long-term holders<\/span><\/a> are back in profit following the flagship crypto’s <\/span>recent price surge<\/span><\/a>. However, the same can\u2019t be said for most short-term holders yet, given the levels at which they purchased their Bitcoin holdings.\u00a0<\/span><\/p>\n

Only 0.03% Of Long-term Bitcoin Holder Supply In Loss<\/h2>\n

In a recent market <\/span>report<\/span><\/a>, on-chain analytics platform <\/span>Glassnode<\/span><\/a> claimed that the total volume of <\/span>long-term holder (LTH) supply<\/span><\/a> held in loss is \u201cnegligible,\u201d with only 4,900 BTC (0.03% of LTH) acquired above Bitcoin\u2019s current price. These long-term holders in loss are said to have been those who bought the 2021 cycle top and have held since then.\u00a0<\/span><\/p>\n

Related Reading: Analyst Says Get Ready As Dogecoin Enters \u2018Expansion Stage\u2019, Can DOGE Reach $12?<\/a><\/div>\n
\"Bitcoin\"
Source: X<\/figcaption><\/figure>\n

Long-term holders currently account for over 85% of the Bitcoin supply in profit. Glassnode noted that this was to be expected, given that the LTH supply in loss during the euphoric phase of the bull market \u201ctends towards zero.\u201d Therefore, this LTH will keep accounting for most of the supply in profit as the <\/span>bull run progresses<\/span><\/a>.\u00a0<\/span><\/p>\n

\"Bitcoin
Source: X<\/figcaption><\/figure>\n

Tokens held for more than 155 days fall under this LTH supply, although most investors in this category are likely those who held with high conviction throughout the <\/span>last bear market<\/span><\/a>, even as Bitcoin dropped below $20,000. Back then, this LTH supply accounted for most of the unrealized losses.<\/span><\/p>\n

Short-Term Holder Supply Accounts For Most Unrealized Loss<\/h2>\n

Glassnode revealed that the short-term holder (STH) supply currently accounts for most of the market losses as these investors continue to buy the flagship crypto near <\/span>local and global highs<\/span><\/a>. As such, these holders automatically fall back into a loss whenever Bitcoin encounters a <\/span>price correction<\/span><\/a>.\u00a0<\/span><\/p>\n

Data from Glassnode shows that 1 million BTC (26.6%) out of the 3.35 million BTC representing the STH supply are currently at a loss. An overwhelming 56% (1.9 million BTC) of the STH supply is said to have moved into an unrealized loss when Bitcoin recently experienced a price drawdown <\/span>to the $58,000 level<\/span><\/a>.\u00a0<\/span><\/p>\n

Related Reading: Popular Analyst Predicts Dogecoin Will Outperform Bitcoin As Market Enters Meme Coin Super Cycle<\/a><\/div>\n

Glassnode also revealed that a \u201csignificant cluster\u201d of STH coins was accumulated close to the current spot price. This is significant considering how investors who invested in this region could react to any <\/span>volatile price fluctuations<\/span><\/a>, irrespective of what direction they take. A significant drop or increase in Bitcoin\u2019s price could lead these investors to offload their tokens.\u00a0<\/span><\/p>\n

Besides these short-term holders, Glassnode suggested that the \u2018Single-Cycle holders\u2019 are another group of investors to keep an eye on. These investors have been holding a \u201csignificant magnitude of unrealized profit\u201d since Bitcoin broke above the $40,000 range. They already took some profits when Bitcoin hit its current <\/span>all-time high (ATH)<\/span><\/a> of $73,000 in March and will likely offload more of their tokens as Bitcoin reaches a new ATH.\u00a0<\/span><\/p>\n

\"Bitcoin
BTC price drops toward $70,000 | Source: BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin long-term holders are back in profit following the flagship crypto’s recent price surge. However, the same can\u2019t be said for most short-term holders yet, given the levels at which they purchased their Bitcoin holdings.\u00a0 Only 0.03% Of Long-term Bitcoin Holder Supply In Loss In a recent market report, on-chain analytics platform Glassnode claimed that the total volume of long-term holder (LTH) supply held in loss is \u201cnegligible,\u201d with only 4,900 BTC (0.03% of LTH) acquired above Bitcoin\u2019s current price. These long-term holders in loss are said to have been those who bought the 2021 cycle top and have held since then.\u00a0 Related Reading: Analyst Says Get Ready As Dogecoin Enters \u2018Expansion Stage\u2019, Can DOGE Reach $12? Long-term holders currently account for over 85% of the Bitcoin supply in profit. Glassnode noted that this was to be expected, given that the LTH supply in loss during the euphoric phase of the bull market \u201ctends towards zero.\u201d Therefore, this LTH will keep accounting for most of the supply in profit as the bull run progresses.\u00a0 Tokens held for more than 155 days fall under this LTH supply, although most investors in this category are likely those who held with high conviction throughout the last bear market, even as Bitcoin dropped below $20,000. Back then, this LTH supply accounted for most of the unrealized losses. Short-Term Holder Supply Accounts For Most Unrealized Loss Glassnode revealed that the short-term holder (STH) supply currently accounts for most of the market losses as these investors continue to buy the flagship crypto near local and global highs. As such, these holders automatically fall back into a loss whenever Bitcoin encounters a price correction.\u00a0 Data from Glassnode shows that 1 million BTC (26.6%) out of the 3.35 million BTC representing the STH supply are currently at a loss. An overwhelming 56% (1.9 million BTC) of the STH supply is said to have moved into an unrealized loss when Bitcoin recently experienced a price drawdown to the $58,000 level.\u00a0 Related Reading: Popular Analyst Predicts Dogecoin Will Outperform Bitcoin As Market Enters Meme Coin Super Cycle Glassnode also revealed that a \u201csignificant cluster\u201d of STH coins was accumulated close to the current spot price. This is significant considering how investors who invested in this region could react to any volatile price fluctuations, irrespective of what direction they take. A significant drop or increase in Bitcoin\u2019s price could lead these investors to offload their tokens.\u00a0 Besides these short-term holders, Glassnode suggested that the \u2018Single-Cycle holders\u2019 are another group of investors to keep an eye on. These investors have been holding a \u201csignificant magnitude of unrealized profit\u201d since Bitcoin broke above the $40,000 range. They already took some profits when Bitcoin hit its current all-time high (ATH) of $73,000 in March and will likely offload more of their tokens as Bitcoin reaches a new ATH.\u00a0  <\/p>\n","protected":false},"author":594,"featured_media":611808,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,1119,89185,1122,1144,78790],"class_list":["post-611794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nBitcoin Price Surge To $71,000 Sends All Long-Term Holders Into Profit, What About Short-Term Holders?<\/title>\n<meta name=\"description\" content=\"Bitcoin long-term holders are back in profit following the flagship 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/shenyangcang.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Surge To $71,000 Sends All Long-Term Holders Into Profit, What About Short-Term Holders?","url":"http:\/\/shenyangcang.com\/news\/bitcoin-price-surge-to-71000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/shenyangcang.com\/news\/bitcoin-price-surge-to-71000\/"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/06\/Bitcoin_671e20.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/06\/Bitcoin_671e20.jpeg?fit=1024%2C1024"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt"],"dateCreated":"2024-06-06T21:00:28Z","datePublished":"2024-06-06T21:00:28Z","dateModified":"2024-06-11T07:45:48Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Surge To $71,000 Sends All Long-Term Holders Into Profit, What About Short-Term Holders?\",\"url\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/bitcoin-price-surge-to-71000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/bitcoin-price-surge-to-71000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Bitcoin_671e20.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Bitcoin_671e20.jpeg?fit=1024%2C1024\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2024-06-06T21:00:28Z\",\"datePublished\":\"2024-06-06T21:00:28Z\",\"dateModified\":\"2024-06-11T07:45:48Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/06\/Bitcoin_671e20.jpeg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/611794"}],"collection":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/comments?post=611794"}],"version-history":[{"count":0,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/611794\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media\/611808"}],"wp:attachment":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media?parent=611794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/categories?post=611794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/tags?post=611794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}