Bitcoin long-term holders do not see $90K 'as an enemy' — Analyst

CoinMarketCap11-17

Bitcoiners who have held their coins for over 155 days aren’t all holding out for a six-figure price tag, with some happily taking profits once Bitcoin surpassed $90,000, according to a crypto analyst...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin long-term holders do not see $90K 'as an enemy' — Analyst\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-17 11:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/6739656dbdfd4d1200d68855/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoiners who have held their coins for over 155 days aren’t all holding out for a six-figure price tag, with some happily taking profits once Bitcoin surpassed $90,000, according to a crypto analyst...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/6739656dbdfd4d1200d68855/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/6739656dbdfd4d1200d68855/","article_id":"2484577538","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/c8fe174a7ccf4c53887a098d9c19fed1.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484577538","pubTimestamp":1731814764,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Bitcoiners who have held their coins for over 155 days aren’t all holding out for a six-figure price tag, with some happily taking profits once Bitcoin surpassed $90,000, according to a crypto analyst.In a Nov. 16 market report, CryptoQuant contributor Percival noted that Bitcoin  long-term holders  — addresses holding BTC for 155 days or more — “do not see $90K as an enemy” and are engaging in profit-taking. Before breaking its $73,800 all-time high from March on Nov. 5, Bitcoin’s price had consolidated between $53,000 and $72,000 for almost seven months.At the time of publication, Bitcoin is trading at $89,945, according to CoinMarketCap data.$90K ‘first target’ for Bitcoiners who have been around for a while. “Some of these investors have been here for many years, and for them, this first target would be a profit-taking zone,” Percival added. Bitcoin surpassed $90,000 for the first time on Nov. 12, reached a new all-time high on Nov. 13 of $93,215.“The Long-Term Holder sell-side wav","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4216":"消闲设施","BK4585":"ETF&股票定投概念","LTH":"Life Time Group Holdings, Inc.","BTC":"Grayscale Bitcoin Mini Trust","BK4594":"比特币ETF概念"},"translate_title":"分析师表示，比特币长期持有者并不将9万美元视为“敌人”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC":1,"LTH":1},"content_text":"Bitcoiners who have held their coins for over 155 days aren’t all holding out for a six-figure price tag, with some happily taking profits once Bitcoin surpassed $90,000, according to a crypto analyst.\nIn a Nov. 16 market report, CryptoQuant contributor Percival noted that Bitcoin (BTC) long-term holders (LTH) — addresses holding BTC for 155 days or more — “do not see $90K as an enemy” and are engaging in profit-taking. Before breaking its $73,800 all-time high from March on Nov. 5, Bitcoin’s price had consolidated between $53,000 and $72,000 for almost seven months.\nAt the time of publication, Bitcoin is trading at $89,945, according to CoinMarketCap data.\n$90K ‘first target’ for Bitcoiners who have been around for a while\n“Some of these investors have been here for many years, and for them, this first target would be a profit-taking zone,” Percival added. Bitcoin surpassed $90,000 for the first time on Nov. 12, reached a new all-time high on Nov. 13 of $93,215.\n“The Long-Term Holder sell-side wave since the ETF’s rally has increased,” Percival stated.\nSince pro-Bitcoin Donald Trump’s United States presidential victory on Nov. 5, around $4.09 billion has flowed into the spot Bitcoin exchange-traded funds in the US, according to Farside data.\nPercival explained that the rising sell pressure isn’t significantly impacting Bitcoin’s price because “ETFs are absorbing all the coins being sold.” He stated:\n\n “This wave of superficial sell-side of supply in profit is notorious.”\n\nPro-Bitcoiners share hopes for $100K by year-end\nIt comes on the back of several prominent Bitcoin supporters sharing their hopes for Bitcoin to hit six figures any day now.\nMicroStrategy’s Michael Saylor “would be surprised if we don’t go through $100,000 in November or December.” \n“I’m planning the $100,000 party,” Saylor said on CNBC on Nov. 14. \nRelated: Bitcoin breakout or black swan? $90K BTC price lacks gold, stocks high\nMeanwhile, Ryan Lee, chief analyst at Bitget Research, recently told Cointelegraph that November is historically known as the best month for Bitcoin’s returns, and BTC could be on track to $100,000 before the end of the month:\n“If history repeats itself and Bitcoin prices grow as projected, a 14.7% from the current price level will push the coin well above the $100,000 target for the month,” Lee said.\nMagazine: Legal issues surround the FBI’s creation of fake crypto tokens","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484577538"}