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Long-term bitcoin holders are showing <a target="_blank" href="https://bitcoinist.com/bitcoin-euphoria-is-here-cryptoquant-ceo-expects-a-parabolic-bull-run/amp/” rel=”nofollow”>signs of growing greed as the price of btc steadily approaches the $100,000 mark. A cryptanalyst has underlined the importance of this market trend, highlighting that a possible <a target="_blank" href="https://bitcoinist.com/on-chain-indicator-sets-bitcoin-cycle-top-price-at-141k-details/amp/” rel=”nofollow”>bitcoin Market Top could arrive in the coming months.
Long-term holders remain greedy
On-chain data from Glassnode reveals that long-term bitcoin holders are displaying a significant level of greed, which continues to intensify as the price of <a target="_blank" href="https://bitcoinist.com/bitcoin-bull-market-is-only-starting-analyst-breaks-down-key-market-drivers/amp/” rel=”nofollow”>btc maintains its bullish trajectory. As the flagship cryptocurrency inches closer to the expected milestone of $100,000, these long-term holders, or HODLers, remain relentless. <a target="_blank" href="https://bitcoinist.com/bitcoin-news-fewer-people-willing-to-sell-btc/amp/” rel=”nofollow”>they show no signs of selling their holdings despite rising prices and rising profits.
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<a target="_blank" href="https://app.intotheblock.com/coin/btc” rel=”nofollow”>Data from the market intelligence platform IntoTheBlock indicates that 98% of <a target="_blank" href="https://bitcoinist.com/91-of-bitcoin-holders-profit-66000-rally-data-shows/amp/” rel=”nofollow”>bitcoin holders are making profits at the current market price. This underlines bitcoin's remarkable performance this month, like most <a target="_blank" href="https://bitcoinist.com/bitcoin-profitability-skyrockets-to-record-levels/amp/” rel=”nofollow”>long term holders They acquired their holdings at prices lower than the current market valuation of btc.
Popular crypto analyst Ali Martínez noted in an x (formerly twitter)<a target="_blank" href="https://x.com/ali_charts/status/1860708957213659648?s=46″ rel=”nofollow”> mail That historically, a growing rise in the greed of long-term bitcoin holders suggests the possibility of an imminent price jump to new highs. He revealed that when holders' greed showed high levels in previous bull cycles, it took between 8 and 11 months for bitcoin to reach a new market high.
The analyst has predicted that if this trend continues, the market should expect bitcoin to reach a potential price peak between June and September 2025. According to its price chart, <a target="_blank" href="https://bitcoinist.com/bitcoin-capital-flow-shifts-to-long-term-holders/amp/” rel=”nofollow”>Long-term bitcoin holders showed extreme levels of greed during previous bull markets that followed cyclical halving events.
The steady increase in the greed of long-term holders can be considered a good sign as it suggests that there are fewer coins in circulation or available for trade, ultimately creating shortages. With <a target="_blank" href="https://bitcoinist.com/bitcoin-whales-remain-determined-3-96-billion-worth-of-btc-gobbled-up-in-96-hours/amp/” rel=”nofollow”>bitcoin demand increases Amid Bullish Market Trends, Cryptocurrency Price Could Eventually <a target="_blank" href="https://bitcoinist.com/100k-bitcoin-is-only-the-beginning-vaneck-targets-180k/amp/” rel=”nofollow”>reach the coveted $100,000 price mark.
While the market in general and numerous crypto analysts anticipate an advance to $100,000, many bitcoin holders are proving steadfast. <a target="_blank" href="https://bitcoinist.com/bitcoin-hodling-long-term-holder-supply-rising/amp/” rel=”nofollow”>resolve by retaining your assets. This unwavering value in bitcoin's potential discourages panic selling during the current bull market, as the market remains <a target="_blank" href="https://bitcoinist.com/bitcoin-still-has-room-to-rise-quant-explains-why/amp/” rel=”nofollow”>optimistic about further price increases in cryptocurrency.
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bitcoin Price Could Hit $100,000 Today
In a more recent<a target="_blank" href="https://x.com/ali_charts/status/1860917968764276751?s=46″ rel=”nofollow”> x publicationMartinez revealed that today could be the day bitcoin finally hits its all-time high of $100,000. The analyst revealed that the <a target="_blank" href="https://bitcoinist.com/bitcoin-break-above-supertrend-expects-btc-mania/amp/” rel=”nofollow”>Supertrend indicator on the hourly chart of bitcoin has turned bullish, indicating that prices have broken above a resistance trend line and the <a target="_blank" href="https://bitcoinist.com/bitcoin-holds-steady-at-100k-is-this-the-catalyst-for-an-altcoin-surge-ada-and-xrp-poised-to-rise/amp/” rel=”nofollow”>Relative Strength Index (RSI).
He <a target="_blank" href="https://bitcoinist.com/bitcoin-price-to-100000-what-to-expect-btc-history/amp/” rel=”nofollow”>bitcoin price It is currently trading at $98,288, reflecting an increase of 7.16% over the past week. To reach the $100,000 milestone, the cryptocurrency needs to rise $1,712, requiring only a 1.74% increase from its current price.
Featured image created with Dall.E, chart from Tradingview.com
