BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Bitcoin Long-Term Holders Flip to Profit as Price Surges

by Matoy
June 6, 2024
in Breaking News, Crypto
A A
Bitcoin Long-Term Holders Flip to Profit as Price Surges
3
SHARES
Share on TwitterShare on Reddit
  • Bitcoin long-term holders are now in profit as BTC surpasses its 2021 high.
  • 0.03% of long-term holders were at a loss when Bitcoin hit $68,000.
  • Short-term holders are bearing most unrealized losses amid market fluctuations.

Bitcoin’s recent price surge has flipped the remaining long-term holders with unrealized losses back into profit. As Bitcoin’s price broke above its November 2021 all-time high, those who held Bitcoin for over 155 days saw significant gains. According to a June 4 report by crypto analysis firm Glassnode, only 0.03% of long-term holders were in a “position of loss” when Bitcoin hovered around $68,000. This group primarily consisted of those who purchased Bitcoin during the 2021 bull cycle, when it reached its previous all-time high of $69,000. Glassnode noted that at $68,000, the volume of long-term holders at a loss was minimal, with around 4,900 Bitcoin purchased above the current spot price.

Short-Term Holders Face Losses

While long-term holders are now in profit, short-term holders — those holding Bitcoin for less than 155 days — are shouldering most of the unrealized losses. These losses are mainly from purchases made in March before Bitcoin hit its current all-time high of $73,679 on March 13. Glassnode observed that short-term holders typically bear the brunt of market losses during bull market corrections from new all-time highs.

Market Anticipation and Future Outlook

Despite Bitcoin’s significant price jump, it has yet to surpass its all-time high. On June 6, Bitcoin approached $72,000 but fell back to around $71,000. Analysts attribute this to ongoing regulatory uncertainties and fears of adverse macroeconomic events. The upcoming U.S. employment report on June 7 and the Consumer Price Index on June 11 could influence Bitcoin’s trajectory. Lower results from these reports could help propel Bitcoin to new all-time highs, according to 10x Research head of Research Marcus Thielen.

Tags: Bitcoin
Tweet1ShareShare1

DON'T MISS THESE! HOT OFF THE PRESS

TRON Breaks Free: TRX Bulls Eye That $0.30–$0.42 Window
Crypto

TRON Breaks Free: TRX Bulls Eye That $0.30–$0.42 Window

June 17, 2025
Fartcoin Finds Its Groove in a Choppy Market — Is Another Pump on the Way?
Crypto

Fartcoin Finds Its Groove in a Choppy Market — Is Another Pump on the Way?

June 17, 2025
Hyperliquid’s Popularity Is Booming — But Most Traders Are Still Losing Money
Crypto

Hyperliquid’s Popularity Is Booming — But Most Traders Are Still Losing Money

June 17, 2025
Rate Cuts Could Fuel the Next Altcoin Boom — 3 Projects to Watch Closely
Crypto

Rate Cuts Could Fuel the Next Altcoin Boom — 3 Projects to Watch Closely

June 17, 2025
Litecoin’s Breakout Setup: Is the Bottom Finally In?
Crypto

Litecoin’s Breakout Setup: Is the Bottom Finally In?

June 17, 2025
BNB Climbs Past $600 and Builds Momentum — Could $960 Be Next?
Binance BNB

BNB Climbs Past $600 and Builds Momentum — Could $960 Be Next?

June 17, 2025
Load More

Related News

TRON Breaks Free: TRX Bulls Eye That $0.30–$0.42 Window

TRON Breaks Free: TRX Bulls Eye That $0.30–$0.42 Window

June 17, 2025
Fartcoin Finds Its Groove in a Choppy Market — Is Another Pump on the Way?

Fartcoin Finds Its Groove in a Choppy Market — Is Another Pump on the Way?

June 17, 2025
Hyperliquid’s Popularity Is Booming — But Most Traders Are Still Losing Money

Hyperliquid’s Popularity Is Booming — But Most Traders Are Still Losing Money

June 17, 2025
Rate Cuts Could Fuel the Next Altcoin Boom — 3 Projects to Watch Closely

Rate Cuts Could Fuel the Next Altcoin Boom — 3 Projects to Watch Closely

June 17, 2025
Litecoin’s Breakout Setup: Is the Bottom Finally In?

Litecoin’s Breakout Setup: Is the Bottom Finally In?

June 17, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.