Future

Bitcoin

April

According to a new report shared by Onchained, one of CryptoQuant’s leading analysts, the percentage of <a href="https://en.coin-turk.com/current-look-at-the-cryptocurrency-market-latest-on-bitcoin-and-prominent-cryptocurrencies-of-the-day/" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/bitcoin-btc-24-000-dolar-seviyelerine-yaklasti-kripto-para-piyasasi-yukseliste" data-wpel-link="internal"></a><a href="https://en.coin-turk.com/bitcoin-analyst-benjamin-cowen-predicts-a-downtrend-after-testing-the-support-band/" data-wpel-link="internal">BTC</a>) supply held by long-term investors with future plans has reached a record high of 80.34%. 
Long-term holders are investors who generally hold their coins for 1 year or longer. 
<h2 style="text-align: justify" id="who-holds-bitcoin">Who Holds Bitcoin?</h2> 
According to Onchained, the existence of BTC is gaining a different dimension over time. The growth in BTC supply held for long-term investment indicates increased confidence among experienced investors who are increasingly reliant on Bitcoin assets. 
<img decoding="async" class="aligncenter size-full wp-image-266303" src="https://coin-turk.com/wp-content/uploads/2023/10/bitcoin-yorum-grafigi.png" alt="" width="578" height="367"> 
This has happened despite the challenging market conditions Bitcoin has experienced recently. As of this writing, BTC was trading at $26,789. The price of BTC, which has been almost stagnant since April and traded within a narrow range, recently encountered a resistance level at $28,500. Subsequently, it experienced a sharp drop due to economic events and war. 
While long-term investors continue to hold their BTC despite the current price conditions, short-term investors seem to have adopted a different strategy. 
<img decoding="async" class="aligncenter size-full wp-image-266302" src="https://coin-turk.com/wp-content/uploads/2023/10/bitcoin-gelecegi.png" alt="" width="581" height="365"> 
Onchained made the following statement about short-term investors: 
<blockquote> 
 On the contrary, the supply held by short-term investors reached its lowest point, constituting only 19.34% of the circulating supply. This decrease reflects a decline in short-term speculations and a shift towards longer-term investment strategies. 
</blockquote> 
The analyst made the following statement to illustrate the fact that a large majority of the circulating supply of BTC is controlled by investors who intend to hold it for a longer period: 
<blockquote> 
 Holding a large portion of the circulating supply for longer periods indicates a more mature and confident market environment. Experienced and patient investors are accumulating Bitcoin, highlighting their belief in its long-term potential. 
</blockquote> 
<h2 style="text-align: justify" id="the-future-of-bitcoin">The Future of Bitcoin</h2> 
As of the time of writing, the Spent Output Profit Ratio (SOPR) was alarming for both long-term and short-term investors in BTC. At the time of writing, both groups were trading at a loss. This metric is defined as a measure of the profitability of BTC transactions. 
If the SOPR value is above 1, it indicates that investors are selling coins at a profit. Conversely, when the SOPR value in Bitcoin falls below 1, it indicates that investors are selling their assets at a loss. 
According to data from CryptoQuant, the SOPR value was 0.93 for long-term BTC investors and 0.99 for short-term investors. Continue Reading: <a href="https://en.coin-turk.com/long-term-bitcoin-holders-control-record-breaking-80-34-of-btc-supply/" data-wpel-link="internal">https://en.coin-turk.com/long-term-bitcoin-holders-control-record-breaking-80-34-of-btc-supply/</a>

Long-Term Bitcoin Holders Control Record-Breaking 80.34% of BTC Supply

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