Good news for long-term Bitcoin investors

Bitcoin, refreshing ATH, has now put long-term BTC holders completely in profit.

Long-term Bitcoin holders have returned to profit as Bitcoin's price surpassed its all-time high in November 2021.

According to a report dated June 4 published by Crypto, the price of Bitcoin was hovering around $68,000 on June 4, with '0.03%' of long-term holders holding Bitcoin for more than 155 days still in a loss position.

The faces of Bitcoin investors who HOLD are smiling

Glassnode noted that the total volume of long-term holders who even incurred losses at $68,000 is 'negligible' and that approximately 4,900 Bitcoins were purchased above the current spot price.

As long as Bitcoin stays above $69,000 for the next few months, all long-term Bitcoin holders will remain profitable. However, by August 13, the 155-day LTH period will include March 11, the day Bitcoin reached $72,110.

Glassnode noted that short-term holders holding Bitcoin for less than 155 days are largely involved in unrealized losses. These are typically investors who bought in March before Bitcoin reached an all-time high of $73,679 on March 13th.

Glassnode believes that the recent price increase has led to a renewal of market expectations. The statement said, "After a few months of accumulation process, it seems that the first signs of market speculation are returning."

On June 6, the price of Bitcoin approached $72,000 but fell to $71,000. Cointelegraph reported that this could be due to a variety of reasons, including ongoing regulatory uncertainty and fears of negative macroeconomic events.

According to 10x Research's president, the United States employment report will be released on June 7th and Consumer Price Index on June 11th. If both of them yield lower results, it could help Bitcoin reach all-time new highs.

This article does not contain investment advice or recommendation. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.