The post Is Bitcoin’s latest dip just a minor pullback before BTC’s next move? appeared on BitcoinEthereumNews.com.

Bitcoin’s price corrected below $100K, declining nearly 8% from its recent all-time high. Analysts noted that long-term holders showed no signs of selling, signaling new market cycles ahead. Bitcoin [BTC] is currently facing a notable correction, after its price fell from as high as above $109,000 last week to now trading once again below the $100,000 price mark as of today.  Particularly, at the time of writing, BTC has dropped by nearly 5% in the past week to its press time trading price of $99,986—bringing the price to 7.9% decrease any from its all—time high achieved last week. Major market players show restraint Amid the ongoing correction, a CryptoQuant analyst has highlighted an intriguing trend in long-term holder (LTH) behavior. In a post on the CryptoQuant QuickTake platform titled “Major Market Players are Reluctant to Sell,” the analyst noted that the SOPR Ratio (LTH SOPR/STH SOPR), was showing slower growth in the current bull run compared to previous cycles.  Source: CryptoQuant This ratio, which measures long-term holders’ realized profits relative to short-term holders, remains lower than levels seen during Bitcoin’s price run-up in mid-2024. The analyst also suggested that as Bitcoin matures, long-term holders have increasingly adopted a more measured approach, distancing themselves from speculative activities. Institutional participation also appears to have reshaped market dynamics.  With more investors viewing Bitcoin as a long-term store of value rather than a trading instrument, the capital flowing into exchanges has decreased. As a result, many long-term holders are opting to keep their Bitcoin in portfolios rather than cashing out.  The implication is that, while the market may experience corrections, new cycles will likely emerge in which Bitcoin is held for extended periods, reducing speculative selling and potentially stabilizing the market. On-chain data offers additional insights In addition to examining long-term holder behavior, it’s…

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Filed under: News - @ January 27, 2025 1:24 pm