Bitcoin

<ul>
 <li><em>The total number of Bitcoin holders stood at 52.53 million at press time.</em></li>
 <li><em>Users who have held BTCs for 2-3 years formed the lion’s share of Bitcoin’s total realized cap.</em></li>
</ul>
<p><a href="https://ambcrypto.com/category/bitcoin-news/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Bitcoin [BTC]</a> held on to the $42,000 level over the last 24 hours of trading, as the countdown for an expected super cycle in the new year kept participants excited.</p>
<p>At press time, the king coin was exchanging hands at $42,641, having accumulated significant gains of 12.29% over the last months, AMBCrypto found using <a href="https://coinmarketcap.com/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">CoinMarketCap</a> data.</p>
<h4><strong>Number of Bitcoin holders increase sharply</strong></h4>
<p>On expected lines, the rally which began in mid-October, shot up demand for the world’s largest cryptocurrency.</p>
<p>The total number of BTC holders increased by 3.6 million since then, equating to a 7.35% jump, AMBCrypto’s examination of Santiment’s data revealed.</p>
<p>With this, the total number of holders stood at 52.53 million at press time.</p>
<div id="attachment_361124" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Bitcoin-BTC-10.49.06-29-Dec-2023.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-361124" decoding="async" class="wp-image-361124 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Bitcoin-BTC-10.49.06-29-Dec-2023.png" alt="" width="2560" height="867" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Bitcoin-BTC-10.49.06-29-Dec-2023.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Bitcoin-BTC-10.49.06-29-Dec-2023-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Bitcoin-BTC-10.49.06-29-Dec-2023-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Bitcoin-BTC-10.49.06-29-Dec-2023-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Bitcoin-BTC-10.49.06-29-Dec-2023-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Bitcoin-BTC-10.49.06-29-Dec-2023-2048x693.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 <p id="caption-attachment-361124" class="wp-caption-text">Source: Santiment</p>
</div>
<h4><strong>This user cohort holds the key</strong></h4>
<p>As demand for Bitcoin rises, many market analysts turned their attention to long-term holders of the coin who stuck with the asset through thick and thin.</p>
<p>On-chain research firm CryptoQuant highlighted the particular case of investors who have held BTCs for more than two years but less than three years. This cohort accounted for about 1/3 of the total realized capitalization across all age groups.</p>
<div id="attachment_361130" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Age-bands.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-361130" decoding="async" class="wp-image-361130 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Age-bands.jpg" alt="" width="1269" height="680" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Age-bands.jpg 1269w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Age-bands-300x161.jpg 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Age-bands-1024x549.jpg 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Age-bands-768x412.jpg 768w" sizes="(max-width: 1269px) 100vw, 1269px"></a>
 <p id="caption-attachment-361130" class="wp-caption-text">Source: CryptoQuant</p>
</div>
<p>For the curious, the realized cap, or the stored value of the coin, is calculated by summing up each coin at the price when it was last moved. Similarly, <span data-slate-fragment="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">Realized Cap – UTXO Value Bands show the distribution of realized cap of a specified value band. </span></p>
<p>Coming back to the 2y-3y cohort, the realized market cap of the group has been high throughout history. This basically meant that most long-term investors have held on to their stashes in this period.</p>
<p>In other words, this cohort owns majority of the wealth stored in Bitcoin. Hence, aggressive sell-offs from this group could put considerable downward pressure on BTC’s price.</p>
<div id="attachment_361138" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/UTXO-bands.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-361138" decoding="async" class="wp-image-361138 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/UTXO-bands.jpg" alt="" width="1280" height="806" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/UTXO-bands.jpg 1280w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/UTXO-bands-300x189.jpg 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/UTXO-bands-1024x645.jpg 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/UTXO-bands-768x484.jpg 768w" sizes="(max-width: 1280px) 100vw, 1280px"></a>
 <p id="caption-attachment-361138" class="wp-caption-text">Source: CryptoQuant</p>
</div>
<p style="text-align: center;">Read&nbsp;<a href="https://ambcrypto.com/predictions/bitcoin-price-prediction" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">BTC’s Price Prediction</a>&nbsp;2023-24</p>
<h4><strong>Is a sell-off event on the way?</strong></h4>
<p style="text-align: left;">However, it was still early to press the panic button. The Net Unrealized Profit/Loss indicator for the cohort showed a break-even point, ruling out any immediate liquidation worries.</p>
<div id="attachment_361140" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/NUPL.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-361140" decoding="async" class="wp-image-361140 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/NUPL.jpg" alt="" width="1280" height="806" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/NUPL.jpg 1280w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/NUPL-300x189.jpg 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/NUPL-1024x645.jpg 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/NUPL-768x484.jpg 768w" sizes="(max-width: 1280px) 100vw, 1280px"></a>
 <p id="caption-attachment-361140" class="wp-caption-text">Source: CryptoQuant</p>
</div>

As Bitcoin gets ready for 2024, this investor cohort should take note

AMBCrypto

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