• Long-term holders enjoyed a profit of more than 21% during the latest price correction.
• BTC’s price was still under the $30,000 mark and a few indicators were bearish.

Bitcoin [BTC] has witnessed quite a few price corrections this year, which has resulted in BTC’s price hovering under the $30,000 mark. Though the price corrections ignited fear among many investors, BTC’s long-term holders acted differently. 

Is your portfolio green? Check the Bitcoin Profit Calculator  

CryptoQuant’s latest analysis pointed out the state of long-term holders during the price corrections of 2023. Moving on to BTC’s current state, a massive drop in its transaction volume has been noted of late. 

Bitcoin Long-term holders are making profit

Crazzyblockk, an author and analyst at CryptoQuant, talked in a latest analysis about how long-term holders have behaved in the past. Before the three Bitcoin price corrections in February, April, and July, the analysis examined the sum of the realized price of long-term holders.

As per the analysis, during the February price correction, BTC’s market price was nearly $24,800, while long-term holders realized price was $27,800. However, over the next two corrections, long-term holders’ realized price was below the market price, bringing them 10% and over 20% profits, respectively. 

Go to Source to See Full Article
Author: Dipayan Mitra

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details