Bitcoin Long-Term Holders Laugh All the Way to the Bank with $26B Gain!

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Key Takeaways:

  • Bitcoin‘s long-term holders got richer by a cool $26 billion as the price shot up to $94,900.

  • Short-term holders? Not so lucky – they sold at a loss in early April.

  • The 30% correction is “nothing to see here” – just your average Bitcoin cycle, nothing new.

Bitcoin (BTC) long-term holders (LTHs) had a heck of a month in April. The price of BTC jumped from $74,450 to a lofty $94,900, and in the process, these savvy investors saw their collective wealth rise by a massive $26 billion. According to CryptoQuant’s data, LTH’s realized market cap increased from $345 billion to $371 billion between April 1 and April 23. Talk about a nice little payday.

This dramatic surge signals that long-term holders are laughing all the way to the bank. They stuck it out through some rough patches and now they’re reaping the rewards. But don’t get too comfy – Bitcoin took a 30%+ correction between January and early April, which is just a regular Tuesday in the world of crypto. A glance back at cycles from 2013, 2017, and 2021 shows that these kinds of dips are routine, especially after Bitcoin hits a new all-time high. It’s almost like the market enjoys shaking out the weak hands before the next big rise.

While Bitcoin was on its bumpy ride, LTHs seemed unshaken. After all, Bitcoin’s growing detachment from traditional markets, especially with US equities facing pressure due to trade wars, only made Bitcoin look better and better. While stocks were tumbling, gold prices were shooting for the stars, peaking at $3,500. Clearly, investors were hungry for something non-correlated, and Bitcoin fit the bill perfectly. You can almost hear LTHs smugly whispering, “Told you so.”

Meanwhile, short-term holders (STHs) weren’t having as much fun. CryptoMoon reported that they did manage to pocket a profit this week, but during the early April correction, many of them sold at a loss. Typical, right? It’s the same old story—when the going gets tough, the short-term holders bail. But hey, that’s just the way the market rolls. It’s like watching someone panic-sell at a yard sale because they’re afraid the price of their junk might dip further.

On the bright side for the bulls, Bitcoin’s supply in profit market bands is giving off some major positive vibes. Right now, 16.7 million BTC addresses are sitting in the profit zone, which is a sign of optimism. Historical data from 2016, 2020, and 2024 suggests that when Bitcoin stays above this key bullish threshold, it usually leads to a massive bull run that sends prices to new highs in just a few months. Fingers crossed!

Bitcoin May Settle Between $95K-$90K (You Know, Just a Little “Cooling Off”)

After its big jump to $94,900, analysts are calling for a cooldown. Michael van de Poppe, founder of MNCapital, wisely points out that it’s “fairly normal to have a slight correction” after such a massive breakout. Because of course it is. Bitcoin’s not about to just keep climbing forever, right?

Crypto trader Jelle also chimed in, saying that BTC has hit its weekly resistance, and we might see a dip to $91,000. Oh, the drama. The price could settle somewhere between $94,900 and $88,750 over the next few days, with Bitcoin taking a breather after its bullish rally. You know, just some light consolidation time.

Looking at the charts, support levels between $90,500 and $88,750 could hold, but if Bitcoin falls below this range? Well, get ready for some wild price action that could push us to the next support zone, between $84,000 and $86,300. That’s where Bitcoin previously hung out for a week before its breakout. Make sure you’ve got your seatbelt on.

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2025-04-24 23:23