Bitcoin’s network activity is on the rise, with 94% of its supply in profit. While short-term traders are taking profits, long-term holders are accumulating, indicating strong market confidence.
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94% of Bitcoin’s supply is currently in profit, raising the risk of profit-taking.
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Long-term holders (LTHs) are increasing their positions, showing confidence in Bitcoin’s future.
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Whales are driving record accumulation, which could support further price increases if momentum holds.
Bitcoin’s network activity is surging, with 94% of its supply in profit. Short-term traders are taking profits, but long-term holders are accumulating, indicating strong market confidence.
What is Driving Bitcoin’s Recent Network Activity?
Bitcoin’s network activity is experiencing a significant uptick, with 94% of its supply currently in profit. This situation creates a potential for rapid sentiment shifts as holders may rush to cash out. However, the underlying data suggests that long-term holders are doubling down, indicating a robust accumulation trend.
How Are Whales Influencing Bitcoin Accumulation?
Whale activity has surged, contributing to record-high Bitcoin accumulation. Major players are buying aggressively, which is a strong signal of confidence in Bitcoin’s long-term value. This accumulation trend could create upward pressure on prices if demand continues to grow.
Frequently Asked Questions
What percentage of Bitcoin’s supply is currently profitable?
As of now, 94% of Bitcoin’s supply is in profit, which places the market in a sensitive position for potential profit-taking.
How are long-term holders reacting to current market conditions?
Long-term holders are increasing their positions, demonstrating confidence in Bitcoin’s future despite short-term profit-taking pressures.
Key Takeaways
- Bitcoin’s network activity is rising: 94% of its supply is in profit, indicating potential volatility.
- Whale accumulation is at an all-time high: Major players are buying aggressively, signaling confidence in Bitcoin’s future.
- Short-term traders are taking profits: This could lead to a shift in market sentiment if not countered by strong buying interest.
Conclusion
In summary, Bitcoin’s network activity is robust, with significant accumulation by long-term holders and whales. While short-term profit-taking poses risks, the overall sentiment remains strong, suggesting that Bitcoin could continue to see upward momentum if buying interest persists.
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Bitcoin’s network activity is buzzing again.
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Recent data shows that while traders are locking in gains, long-term holders are accumulating, indicating confidence.
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Major players are doubling down on their investments, suggesting a strong belief in Bitcoin’s future value.
Bitcoin’s network activity is surging, with 94% of its supply in profit. Short-term traders are taking profits, but long-term holders are accumulating, indicating strong market confidence.
Profit Taking Risk Rises as BTC Heats Up
At press time, 94% of Bitcoin’s supply was in profit, placing the market in a zone where sentiment can shift quickly if holders rush to cash out. However, the uptick in on-chain data suggests steady underlying momentum. Any correction may be short-lived, provided buying interest remains strong.
Whales Double Down as Bitcoin Accumulation Sets New Record
BTC accumulation has surged to an all-time high, driven by relentless buying from whales and long-term holders.
Source: X
Nakamoto CEO David Bailey announced plans to “smash buy” $1 billion worth of Bitcoin.
Meanwhile, Michael Saylor’s MicroStrategy marked the fifth anniversary of its Bitcoin strategy with an additional $18 million purchase, bringing its total holdings to 628,946 BTC.
Source: sec.gov
There are signs of big conviction from major players, even as prices hover near peak profit levels. If this momentum continues, it could set the stage for the next major leg up, tightening supply just as demand accelerates.
BTC Price Holds Steady After Sharp Recovery
At press time, BTC traded at $118,724, holding gains from its recent rebound. The price stayed above both the 9-day and 21-day SMAs, showing steady short-term support. The RSI hovered near 58, so momentum was still in neutral territory.
Source: TradingView
MACD lines were coming closer; a possible bullish crossover if buying continued. This followed a sharp spike earlier in the week that briefly pushed BTC above $120K before sellers stepped in. While there is reduced volatility, the market still appeared sensitive to profit-taking pressure. Sustained buying from whales could help BTC build on this base and challenge recent highs again.
