Bitcoin’s price dipped 3.52% after reaching an ATH of $123,091, but strong holding by long-term investors supports market stability and the ongoing bull run.
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Bitcoin hit a record high of $123,091 on July 13 before a recent 3.52% correction.
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Long-term holders with over 155 days of holding are stabilizing the market by refusing to sell despite short-term volatility.
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Institutional investors like Metaplanet continue to accumulate Bitcoin, reinforcing bullish momentum.
Bitcoin price dips after ATH but long-term holders sustain bullish momentum. Discover key market insights and price outlook at COINOTAG.
How Long-Term Holders Are Stabilizing Bitcoin’s Market Amid Price Fluctuations
Long-term holders play a crucial role in maintaining Bitcoin’s price stability despite recent fluctuations. Investors holding Bitcoin for over 155 days show strong confidence, which helps prevent further price declines near the $104,000 support level. CryptoQuant data reveals that these holders have a Net Unrealized Profit above 0.5, indicating they retain over 50% unrealized gains and are unlikely to sell under current market conditions.
What Impact Do Short-Term Traders Have on Bitcoin’s Price?
Short-term traders often engage in profit-taking, which can cause temporary price corrections. This behavior explains the recent 3.52% dip after Bitcoin’s ATH. However, the selling pressure from these traders is offset by the steady accumulation and holding by long-term investors, creating a balance that supports the ongoing bull run.
What Is Bitcoin’s Current Price Outlook?
Bitcoin is currently trading around $114,450, showing a modest 0.63% gain in the last 24 hours. The price fluctuated between $113,546 and $114,984 during this period. Despite a 14.98% drop in trading volume to $48.43 billion, market sentiment remains optimistic. Analysts anticipate a potential rise to $116,000, which could push 91% of Bitcoin holdings into profit and possibly trigger a breakout toward $150,000.
| Metric | Current Value | Comparison |
|---|---|---|
| Bitcoin Price | $114,450.53 | Down 3.52% from ATH |
| Trading Volume | $48.43 Billion | Down 14.98% in 24h |
| Net Unrealized Profit (Long-term holders) | Above 0.5 | Indicates >50% unrealized gains |
Why Are Long-Term Holders Confident in Bitcoin’s Future?
Long-term holders’ confidence stems from sustained unrealized profits and market fundamentals. Their reluctance to sell despite short-term price dips signals strong belief in Bitcoin’s continued growth. Institutional players like Metaplanet are also increasing their Bitcoin portfolios, which adds further support to the bullish trend.
How Does Institutional Buying Influence Bitcoin’s Bull Run?
Institutional acquisitions provide liquidity and market confidence. As entities like Metaplanet accumulate Bitcoin, they reduce circulating supply and reinforce price support. This institutional interest is a key factor in sustaining the bull run and attracting additional investors.
Frequently Asked Questions
How do long-term holders affect Bitcoin’s price stability?
Long-term holders stabilize Bitcoin’s price by holding their assets despite short-term volatility, reducing selling pressure and supporting sustained market growth.
Why is Bitcoin’s trading volume declining despite price gains?
Trading volume drops as short-term traders take profits, but this does not necessarily indicate a bearish trend, as long-term holders and institutions continue to support the market.
Key Takeaways
- Bitcoin’s recent price dip follows an ATH but does not signal the end of the bull run.
- Long-term holders’ confidence provides crucial market stability amid short-term volatility.
- Institutional accumulation continues to support Bitcoin’s upward momentum.
Conclusion
Bitcoin’s price correction after its ATH is a natural market adjustment, but strong holding by long-term investors and ongoing institutional buying reinforce the bullish outlook. These factors suggest the bull run remains intact, with potential for further gains as market confidence grows.
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Bitcoin’s recent price movement highlights a short-term correction after reaching an all-time high of $123,091 on July 13.
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Long-term holders with significant unrealized profits are stabilizing the market by holding their positions firmly.
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Institutional investors continue to accumulate Bitcoin, reinforcing the bullish momentum and market confidence.
Bitcoin price dips after ATH but long-term holders sustain bullish momentum. Discover key market insights and price outlook at COINOTAG.
