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Long-term Bitcoin holders show signs of growing greed while the price of BTC is steadily approaching the $100,000 mark. A crypto analyst has highlighted the importance of this market trend and emphasized that it is possible Bitcoin market top could arrive in the coming months.
Long-term holders remain greedy
Data from Glassnode’s on-chain shows that long-term Bitcoin holders exhibit significant levels of greed, which continues to increase as Bitcoin’s price increases. BTC maintains its bullish trajectory. As the flagship cryptocurrency moves closer to the expected $100,000 milestone, these long-term holders, or HODLers, remain ruthless. show no signs of selling their property despite rising prices and increasing profits.
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Facts from the market information platform IntoTheBlock indicates that 98% of Bitcoin holders make a profit at the current market price. This underlines Bitcoin’s remarkable performance this month, like most long term holders have acquired their assets at prices lower than the current market value of BTC.
Popular crypto analyst Ali Martinez commented in an X (formerly Twitter) after that historically, a growing increase in long-term greed among Bitcoin holders signals the potential for an imminent price jump to new highs. He revealed that when holder greed was at a high level in previous bull cycles, it took eight to eleven months for Bitcoin to reach a new market top.
The analyst has predicted that if this trend holds true, the market would expect Bitcoin to reach a potential price peak between June and September 2025. Based on its price chart: Long term Bitcoin holders exhibited extreme levels of greed during the previous bull markets that followed the cyclical halving.
The steady increase in greed among long-term holders can be taken as a good sign, as it indicates that there are fewer coins in circulation or available for trade, ultimately creating scarcity. Of demand for Bitcoin is increasing amid bullish market trends, the price of cryptocurrency could eventually rise reached the coveted prize of $100,000.
While the broader market and numerous crypto analysts expect a breakout to $100,000, many Bitcoin holders are standing firm solve by holding on to their belongings. This unwavering courage in Bitcoin’s potential discourages panic selling during the current bull market as the market continues to hold optimistic about further price increases in cryptocurrency.
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Bitcoin price could reach $100,000 today
In a more recent one X messageMartinez revealed that today could be the day Bitcoin finally reaches its all-time high of $100,000. The analyst revealed that the SuperTrend indicator on the Bitcoin hourly chart has turned bullish, indicating that prices have broken a resistance trendline and the Relative Strength Index (RSI).
The price of Bitcoin is currently trading at $98,288, reflecting a 7.16% increase in the past week. To reach the $100,000 milestone, the cryptocurrency needs to rise by $1,712, which only requires a 1.74% increase from the current price.
Featured image created with Dall.E, chart from Tradingview.com
