Bitcoin continues to lead in terms of the longest average holding period. However, one crypto asset has outpaced major assets like Ethereum in this metric, highlighting its sustained appeal among long-term investors. According to the latest data compiled by IntoTheBlock, Bitcoin leads with an “average HODL time” of 4.4 years. This aligns with its popular...Read More
With the next Bitcoin halving event less than five months away, long-term BTC holders have remained bullish, refusing to let go of their assets. According to a weekly report from on-chain market intelligence platform Glassnode, several measures of Bitcoin supply, such as HODLed, long-term holder, and illiquid, are at historical highs, with the crypto asset...Read More
A recent survey carried out by Pew Research Center estimated that 46% of American cryptocurrency investors think their entrance into the market has done worse than expected. Only 15% admitted their investments have turned more successful than initially thought. The study further disclosed that the share of crypto investors in the US had remained relatively...Read More
Nearly half of the surveyed cryptocurrency investors (46%) admitted to selling some of their possessions in the last several weeks. Those with lower salaries were more likely to part with their holdings. Most HODLers Tend to Be Wealthy The American-based business intelligence company – Civic Science – polled thousands of cryptocurrency investors to find out...Read More
Mikhail Mishustin – Russia’s Prime Minister – believes the Russian population collectively holds more than 10 trillion rubles ($130 billion) worth of cryptocurrencies. He assumed that most of those individuals were from the younger generations. 7% of Russians are HODLers Apart from being in the global spotlight due to its “special military operation” in Ukraine,...Read More
According to a recent CNBC analysis, eight of the highest-ranked politicians in the USA have traded cryptocurrencies over the past 12 months. Seven of them are Republicans, including Senator Pat Toomey and Senator Cynthia Lummis, while one is a member of the Democratic Party. Who Jumped on The Bandwagon? Overall, 2021 has been a highly...Read More
The American businessman and author – Robert Kiyosaki – is not concerned about the recent price drop in the cryptocurrency market. He described bitcoin’s plunge as “great news” and vowed to increase his exposure to the asset should its USD value dip to $20,000. ‘Profits Are Made When You Buy’ The 74-year-old Kiyosaki, best known...Read More
Microstrategy just bagged $177M more BTC between July 1st and August 23rd. That brings Michael Saylor’s company’s total hodlings to $5.3 billion USD worth of bitcoin. Other big corporate buyers include Tesla, Square, and Galaxy Digital Holdings. The business intelligence company can’t get enough bitcoin. And it’s not the only extremely relevant and proactive company...Read More
Nobody can time the market. Not even in Bitcoin markets. But what can be timed is our investments. With Bitcoin’s price rise and fall being one that cannot be adequately predicted, we should focus on what we can control. We can’t control Bitcoin’s price, but we can control when we choose to buy it. We’ve...Read More
Bitcoin’s price hit an ATH of $18000 on November 18, 2020. Few hours prior to the price rally, open interest on top derivatives exchanges hit a new ATH of $6.4 Billion based on data from Skew. BTC Futures || Source: Skew Bitcoin futures have hit new highs previously, however interestingly every ATH has been closely...Read More
As Bitcoin’s price crossed $16,000 on spot exchanges, one expected that institutions would unload their bags and book profits. However, based on the Map of unspent Bitcoins from Whalemaps, inflows to whale wallets above $12,000 remain unspent. In fact, institutions seem to be buying and HODLing at the same time. The chart attached herein highlights...Read More
With recent announcements of the COVID-19 vaccine, new momentum was unleashed for Bitcoin on spot exchanges. Gold took a hit, and the increasing BTC-Gold correlation spread was a relief for most retail and institutional traders. New demand for BTC was generated, as the news spread and to meet this demand, miners flow to exchanges has...Read More
Another phrase for ‘bull run’ is ‘profit take.’ Why? Because whenever the price for any asset rises, there are those who buy in the hope for another rise, and there are those who sell, in the hope for another fall. While it’s clear that Bitcoin is in a full-fledged bull run, it’s also clear that...Read More
The cryptocurrency world is full of ‘ifs.’ For instance, if you would’ve bought Bitcoin 10 years ago, you would’ve been a millionaire now. The problem with statements like these is that they are based on probabilities, which, let’s be real, never come true. While you were certainly not thinking about an obscure internet currency in...Read More
Ever wondered what the classic bottleneck is? In the crypto-market, when Bitcoin’s price crosses a long-known resistance and the price rallies, CT is filled with bullish sentiment, bullish tweets, and bullish rants even. However, where is the entire picture? A trader’s perspective is a 360-degree one. That, alas, is often lost around the noise that...Read More
With Bitcoin rallying and staying above the $13000-mark for a few days now, on its way towards a new ATH, the trade volume on spot exchanges has dropped dramatically. While the said volume was high when the price breached $13000 for the first time, since then, the figures for the same have dropped consistently. BTC...Read More
Bitcoin’s ATH of $19k is still 33% away. Bitcoin’s price is up 14.85% in the past 7 days and market conditions are conducive for further growth. From smart money inflow of over $550 Million within 2 weeks to drop in inflow on exchanges, nearly all charts signal the bullish sentiment. Map of spent Bitcoins ||...Read More
The probability of losing funds through investing or trading to the point where it is no longer possible to recover the losses is termed as the risk of ruin. The “probability of ruin” is as high or higher than the probability of booking a profitable trade. However, it gets interesting when you think of recovering...Read More
Ethereum investors prefer to HODL their assets, according to recent data. About 60% of all ETH tokens haven’t moved in at least one year. The question remains how and if this trend will change in the following months after the launch of the long-anticipated Ethereum 2.0, enabling investors to stake their ETH holdings. ETH Investors...Read More
A recent report suggests that the amount of Bitcoin stored on exchanges is declining while BTC whales increase their holdings and that’s bullish for Bitcoin’s price. The paper also highlighted that investors have a much larger time horizon for their holdings now compared to previous years. Bitcoin Stored On Exchanges Drop In its latest report...Read More
To the investment world, Bitcoin just doesn’t make sense. An asset with no financials, no quarterly earnings reports, no management to speak for it on investor calls, no valuations, no annual report, no head office, nothing. How does one value something like this in order to invest in it? There’s a simple answer – They...Read More
MicroStrategy’s CEO Michael Saylor continues to dig deeper into Bitcoin after his company purchased $425 million worth of the cryptocurrency. In a recent podcast episode with long-time BTC proponent Anthony ‘Pomp’ Pompliano, Saylor claimed he’s ready to HODL Bitcoin for a century and said it’s 1,000 times better than gold. Saylor On His Change Of...Read More
A recent report compiled by Santiment revealed that the number of Bitcoin whale addresses had been gradually increasing in the past few years. The growing accumulation levels and HODLing mentality could reduce the impact of short-term bearish developments and pump BTC in the long-run. Bitcoin Whales At ATH BTC whales are considered individuals or organizations...Read More
Recent data indicated that the HODLing mentality towards Bitcoin prevails as the number of coins that haven’t moved in two or more years has reached a three-year high. At the same time, miners are following suit as their BTC holdings have reached a two-year high. HODLing Mentality Among BTC Investors Prevail The analytics firm Glassnode...Read More
The tweet by Bitcoin Block Bot on June 27, 2020, reported a large-scale transaction, involving the movement of $933 million worth of bitcoin. Interestingly, the total transaction fee cost was 0.00005271 BTC, which is just meager $0.48. Whale alert! 🐋 Someone moved 101,857 BTC ($933M) in block 636,503 https://t.co/sy099uLVBV — Bitcoin Block Bot (@BtcBlockBot) June...Read More
If you were into Bitcoin and crypto for at least five years, the name Chris Dunn would probably sound familiar to you. The 35 years old Texas boy was one of the first crypto YouTubers. As of writing these lines, his popular channel has more than 200,000 subscribers since its first uploaded video, somewhere in...Read More
With the third-ever Bitcoin halving in the history books, the price of the asset is reacting by a notable 13% surge. As a result, the number of profitable days of holding the primary cryptocurrency has increased to over 93%, according to a data monitoring website. Almost All BTC Positions Are In Profit Bitcoin’s halving historically...Read More
Ethereum investors have been accumulating and holding substantial amounts lately. More than 77% of ETH in externally owned accounts (EOAs) has not moved in the past six months, new data revealed. Ethereum Investors Hodl And Accumulate The price of Ethereum, similarly to most cryptocurrencies, went through violent turbulence lately. Starting 2020 at about $131, reaching...Read More
Last week’s massive Bitcoin sell-off that drove its price to below $4,000 came from short-term holders, new data shows. Long-term holders, on the other hand, are not moving or selling their BTC assets, at least for now. New Players Sold Their BTC March 12th-13th this year later became known as one of the worst trading...Read More
Along with every other financial instrument led by the global stock markets, Bitcoin plummeted in the past two weeks following the worldwide spread of the coronavirus. Following their desire to see Bitcoin emerging as the next generation’s safe-haven asset, this latest severe Bitcoin plunge felt like a nightmare for many Bitcoiners. The following article will...Read More
