- Long-term Bitcoin holders have held their supply for profit.
- BTC has held above $43,000 despite declines.
Like the price of Bitcoin [BTC] seeking stability, certain holders have remained steadfast, unaffected by market volatility. How have they performed with their assets?
Bitcoin HODLed across different age groups
According to the analysis on Glass junctionBitcoin holders across different age categories have shown a strong belief in preserving their assets.
The data showed that 69.6% of holders in the one-year age category have retained their positions, while this figure stands at 56.4% in the two-year age category.
Additionally, the analysis found that the three-year age category comprises 43.5% of holders, and the five-year age category comprises 31.5%.
Moreover, it is remarkable that the supply within these age categories is still below the highest level ever.
How Bitcoin has done in different MVRV periods
The various analyzes of Bitcoin Market Value to Realized (MVRV) showed a consistent trend: all MVRVs analyzed were above zero. It showed that holders in the one- to five-year MVRV categories tended to hold their assets at a profit, with some variation in profits.
Specifically, the 365-day MVRV was approximately 25.4% at the time of writing. This meant that holders in this category held on to their assets with a profit of more than 25%.
Notably, this band has been profitable since August 2023 and reached its peak around December, when it rose to almost 51%.
Source: Santiment
Additionally, the two-year MVRV was approximately 39% at the time of writing. In contrast to the one-year MVRV, it rose above zero around October, with a peak in January of more than 55%.
Similarly, the three-year MVRV, which was around 21% at the time of this writing, rose above zero around October and peaked at around 34% in January.
Source: Santiment
Finally, the five-year MVRV was approximately 38% at the time of writing. Like the two longer MVRVs, it went above zero around October and peaked at 54% in January.
These MVRV analyzes collectively suggest that Bitcoin holders have held their assets at profitable levels over various time frames.
Source: Santiment
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BTC remains above its neutral line
Research on Bitcoin’s daily timeframe chart showed the coin’s resilience in maintaining the $43,000 price range. At the time of writing, the stock was trading around $43,000, down less than 1%.
Moreover, it remained slightly above the neutral line of its Relative Strength Index (RSI).