Recently, the price of Bitcoin is trying to return to its historical peak. Behind this, the contribution of long-term and short-term holders to the market supply and demand is as important as fire and fuel. Back in March this year, when Bitcoin hit a brilliant record of $73,000, the market seemed to fall into a short hibernation, like a beast hiding its light. However, information mined from the depths of the data shows that since the beginning of May, the trend of market demand has quietly turned from positive to negative. At the same time, the unrealized profits of the long-term holder group appear bleak on the statistical chart, far lower than the glorious moments of the past. Remarkably, although long-term holders only sold 4% to 8% of the total market sales, they reaped 30% to 40% of the total profits during the bull market from these few transactions! This discovery is like a gem in the spotlight, highlighting that those investors with "diamond hands" have not waited patiently in vain, but have been rewarded handsomely. Looking at the demand side of the market, when the cost basis of short-term holders continues to rise, it is not only a signal that new buyers are entering the market at a higher price, but also a symbol of capital pouring into the market. When the spot price deviates from the current cost basis, the MVRV ratio is like a mirror, reflecting the unrealized profits in the hands of each group.
In summary, when the bull market is in full swing, the long-term holder group is like a carnival carnival, and high-spending days come frequently. Although their daily trading volume accounts for only a small part of the total market, their gains account for a significant share of investors' total profits. This is a game for the wise. With patience and wisdom, they ride the wind and waves in the ocean of digital currency and win their own victory. For details, please follow the introduction, share knowledge together, and win together!
