DeFi Daily News
Tuesday, May 27, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Bitcoin

rewrite this title with good SEO Are Bitcoin Whales Still Holding For Higher Profit? This On-Chain Signal Suggests So | Bitcoinist.com

Opeyemi Sule by Opeyemi Sule
December 15, 2024
in Bitcoin
0 0
0
rewrite this title with good SEO Are Bitcoin Whales Still Holding For Higher Profit? This On-Chain Signal Suggests So | Bitcoinist.com
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

The Bitcoin price performance in 2024 is one for the history books, with the premier cryptocurrency crossing the $100,000 mark for the first time ever. However, hitting this milestone opened the door to another conversation — when will the market top be in?

As a result, several predictions of the Bitcoin price top have emerged from the crypto crowd over the past few weeks. The latest on-chain observation suggests that the market might not have peaked or might not be close to a peak just yet. 

Realized Profit Ratio Relatively Low Compared To Previous Cycles

In a recent Quicktake post on the CryptoQuant platform, an analyst with the pseudonym CryptoOnChain explained how whale behavior and movements could help identify the top for the Bitcoin market. The relevant metric here is the realized profit ratio, which measures to ratio at which an investor cohort is exiting the market.

The “realized profit ratio” metric calculates the proportion of coins sold at a profit relative to the total volume of transactions. A high value for this metric signals that the market is nearing its peak, with participants beginning to offload their assets for profit.

A low realized profit ratio, on the other hand, shows that fewer market participants are selling their bags for profit. This often signals sustained investor confidence and faith in the further price growth of a cryptocurrency.

According to CryptoOnChain, the realized profit ratio for various cohorts of Bitcoin whales (holding between 10 to 100, 100 to 1,000, and 1,000 to 10,000 BTC) is notably lower compared to the last cycles. As observed in the chart below, it appears that the whales are yet to begin profit-taking.

Source: CryptoQuant

This suggests that the Bitcoin whales, who are influential market entities, believe that the premier cryptocurrency is yet to reach its peak in the cycle. As of this writing, the Bitcoin price sits just beneath $102,000, reflecting no significant change in the past 24 hours.

40,000 BTC Moved Out Of Centralized Exchanges: CryptoQuant

Another data point seems to support the notion that market participants are currently holding out for higher gains. Prominent crypto pundit Ali Martinez took to the X platform to share that significant amounts of Bitcoin have been flowing out of centralized exchanges in the past few days.Bitcoin

Source: Ali_charts/X

Over 40,000 BTC (worth around $3.92 billion) were sent out of exchanges over the past week. This movement of assets to non-custodial wallets indicates rising confidence amongst investors, with a focus on the long-term promise rather than quick short-term gains.

Bitcoin

The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

Featured image from Unsplash, chart from TradingView

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: BitcoinBitcoinist.comGoodhigherHoldingOnChainProfitrewriteSEOSignalSuggeststitleWhales
ShareTweetShare
Previous Post

rewrite this title and make it good for SEOVedanta to consider fourth interim dividend tomorrow. Check record date

Next Post

rewrite this title and make it good for SEOSouth Korea’s acting president moves to reassure allies, calm markets after Yoon impeachment By Reuters

Next Post
rewrite this title and make it good for SEOSouth Korea’s acting president moves to reassure allies, calm markets after Yoon impeachment By Reuters

rewrite this title and make it good for SEOSouth Korea's acting president moves to reassure allies, calm markets after Yoon impeachment By Reuters

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title Gate Dubai Secures Full VARA VASP Licence for Crypto Exchange Services

rewrite this title Gate Dubai Secures Full VARA VASP Licence for Crypto Exchange Services

April 29, 2025
The Future of Blockchain: An Inside Look at Cardano

The Future of Blockchain: An Inside Look at Cardano

July 18, 2024
Complete Guide: Obtaining Wallet Transactions with RPC Nodes – Moralis Web3 | Advanced Web3 API Services

Complete Guide: Obtaining Wallet Transactions with RPC Nodes – Moralis Web3 | Advanced Web3 API Services

August 20, 2024
rewrite this title with good SEO Viral Success Locked Amid $FAT Crypto Breakout: Is $FAT Hottest Meme Coin in April?

rewrite this title with good SEO Viral Success Locked Amid $FAT Crypto Breakout: Is $FAT Hottest Meme Coin in April?

April 17, 2025
Video: ‘Twisters’ | Breaking Down a Scene

Video: ‘Twisters’ | Breaking Down a Scene

July 19, 2024
Microsoft and ReNew Announce 437.6-MW Clean Energy Purchase Agreement

Microsoft and ReNew Announce 437.6-MW Clean Energy Purchase Agreement

August 27, 2024
rewrite this title DFW Centurion Lounge: Crowded, But Worth a Visit – NerdWallet

rewrite this title DFW Centurion Lounge: Crowded, But Worth a Visit – NerdWallet

May 27, 2025
rewrite this title Cetus seeks Sui community nod to unlock 2M to make users whole

rewrite this title Cetus seeks Sui community nod to unlock $162M to make users whole

May 27, 2025
rewrite this title Worldpay Now Offers USDC Stablecoin Alongside 135 Currencies in Partnership with BVNNK

rewrite this title Worldpay Now Offers USDC Stablecoin Alongside 135 Currencies in Partnership with BVNNK

May 27, 2025
rewrite this title Transfer rumors, news: Liverpool’s Gakpo on Bayern shortlist

rewrite this title Transfer rumors, news: Liverpool’s Gakpo on Bayern shortlist

May 27, 2025
rewrite this title Shakira’s Bicycle Ride Sparks Fan Frenzy And Subtle Digs At Ex | Celebrity Insider

rewrite this title Shakira’s Bicycle Ride Sparks Fan Frenzy And Subtle Digs At Ex | Celebrity Insider

May 27, 2025
rewrite this title Senator Lummis says US military generals support strategic Bitcoin reserve

rewrite this title Senator Lummis says US military generals support strategic Bitcoin reserve

May 27, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.