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Long-Term Bitcoin Holders Signal Growing Greed: Peak Incoming?

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By on November 25, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post Long-Term Bitcoin Holders Signal Growing Greed: Peak Incoming? appeared first on Coinpedia Fintech News

Based on the latest data from the on-chain indicator NUPL (Net Unrealized Profit/Loss), long-term Bitcoin holders increasingly signal greed. In previous bull runs, such behavior has preceded market tops by 8-11 months. Bitcoin could potentially hit a market peak between June and September 2025 if the trend holds. As of now, the current price of Bitcoin is $97,892, reflecting a 9% jump in the last week. With long-term holders transitioning into a phase of euphoria and greed, all eyes are on whether this historical pattern will repeat itself.

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