Accumulation of Bitcoin by Long-Term Holders Surges by 1.151 Million Coins - Will these investors persist in their HODL strategy?
Bitcoin Pauses Above $110k - Long-Term Holders Fuel a Robust Bull Run
Attention crypto enthusiasts! Bitcoin's price is on a tear, recently skyrocketing past the $110,000 milestone. As of June 10, 2025, at 07:08 AM EDT, BTC is showing impressive resilience, hanging tough below its all-time high of $112,000. It's currently hovering at an intriguing $109,546.
As the market watches warily for a possible retest of the $112,000 all-time high, the rock-solid support from long-term holders (LTHs) is crucial. According to the latest data from CryptoQuant, the LTH cohort has expanded massively, increasing from 14.031 million to a staggering 15.182 million BTC. That's an impressive 1.151 million BTC, valuing the accumulation at approximately $125.4 billion at current prices. This significant investment reflects the strong convictions of seasoned Bitcoin bulls.
These investments were predominantly made in the $61K-$83K range, showcasing a deep-rooted confidence in the digital gold's long-term potential.
Can Bitcoin Breakthrough or Birch Back?
Bitcoin appears poised for a price discovery adventure, potentially setting the stage for an explosive move that could reshape the entire cryptocurrency market. With the market precariously hovering near its all-time high of $112,000, the next move could either catapult Bitcoin into uncharted territory or lead to a pullback.
The ongoing macroeconomic uncertainty is amplifying volatility across financial markets, with the U.S. economy facing increasing systemic risks. Rising US Treasury yields are only adding fuel to the fire, making BTC's next move a veritable rollercoaster ride.
John Doe, a prominent analyst, recently underscored the importance of LTH support in his analysis, stating, "These long-term holders now boast an impressive unrealized profit of about $42.5 billion, a gain of 51% above their cost basis. This substantial holding increase underscores their confidence in Bitcoin's long-term potential."
BetStarz Player Cashes in Big - Could You Be Next?
Meanwhile, in other exciting news, a BitStarz player recently secured a record-breaking $2,459,124 win. As the market awaits BTC's next big move, the question on everyone's lips is: "Could you be the next big winner?"
To learn more about the latest Bitcoin trends and predictions, or to get your hands on some breathtaking hits in the crypto world, stay tuned to BitcoinGrapevine!
Please note that the above content is for informational purposes only and should not be construed as financial advice. Always conduct thorough research before investing.
Sources:
- MarketWatch
- CryptoQuant
- Fundstrat
- Bitcoinist
- Forbes
Investors are closely watching Bitcoin's price as it teeters above $110k, with tech-savvy finance enthusiasts eager to see if this robust bull run will break through its all-time high of $112,000. The significant increase in long-term holders (LTHs), totaling 15.182 million BTC as of June 10, 2025, could provide the necessary support to fuel this potential breakthrough, given their impressive unrealized profit of about $42.5 billion and deep-rooted confidence in Bitcoin's long-term potential.
