Bitcoin Long-Term Holders Realized Market Cap Surpasses $10 Billion, Indicating Growing Market ConfidenceAccording to Odaily Planet Daily, CryptoQuant analyst Amr Taha noted: "The realized market cap of long-term holders has exceeded $10 billion for the first time." This data signifies that this group has collectively spent $10 billion to acquire BTC, and this metric considers the last sale price of each BTC
Bitcoin Long-Term Holders Realized Market Cap Surpasses $10 Billion, Indicating Growing Market Confidence
According to Odaily Planet Daily, CryptoQuant analyst Amr Taha noted: "The realized market cap of long-term holders has exceeded $10 billion for the first time." This data signifies that this group has collectively spent $10 billion to acquire BTC, and this metric considers the last sale price of each BTC. Crypto analytics firm Bitbo states that "realized market cap is often compared to the regular market cap to understand the overall market sentiment."
Long-term holders are defined as addresses holding coins for over 155 days. Taha explains that once holdings surpass 155 days, these holders "are significantly less likely to sell, meaning they are less likely to sell their positions during short-term market fluctuations."
The realized market cap exceeding $10 billion indicates a growing confidence in Bitcoin among long-term holders. They have not been swayed by recent market volatility, but instead continue to hold, even adding to their positions. This suggests that they maintain a positive outlook on Bitcoin's long-term value and anticipate future price increases.
For investors, this metric offers some valuable insights. On one hand, the assessment of long-term holders on market trends tends to be more reliable, as they are not influenced by short-term emotions. On the other hand, their continued accumulation indicates a shifting demand and supply dynamic within the market, potentially leading to higher future price prospects.
Of course, the market presents various risks, and investments inherently involve uncertainty. When making investment decisions, investors should carefully analyze market conditions and allocate capital strategically based on their individual risk tolerance.
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