Bitcoin Long-Term Holder Supply Declines as New LTHs Enter at a Loss

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 days ago

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Profitability Decline: The percentage of Bitcoin long-term holder supply in profit has dropped to 66.5%, nearing historical lows, indicating increased market pressure that could affect investor confidence and future market performance.
Holder Loss Phenomenon: All Bitcoin holders transitioning into the long-term holder category are currently at a loss, highlighting the negative impact of past price fluctuations on holder profitability over the last six months.
Lagging Market Dynamics: As Bitcoin must be held for six months to qualify as long-term, current profitability metrics reflect market conditions from six months ago, and this lag effect may lead to further declines in profitability indicators.
Stability Amid Pressure: Although long-term holder supply is under strain, recent data suggests that market conditions have not worsened further, indicating that holders may gradually adapt to market fluctuations in the current environment.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	68131.656	70927.983	73880.166	76676.493	79628.676	82425.003	85377.186
Fibonacci	70927.983	73123.914	74480.562	76676.493	78872.424	80229.072	82425.003

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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