Market Analysis

Are Long Term Bitcoin Holders Really In Fear Of Missing Profits?

According to the Crypto Fear & Greed Index, Bitcoin price falls have finally shaken out “greed” among investors.

Since the long-term surge has finally taken the market mentality – investors are now “still terrified,” Bitcoin (BTC) is down approximately 20%.

The one-night loss on 19th November has wiped the final traces of “greed” from traders’ brains, according to the Crypto Fear & Greed Index.

Sentiment has risen as a relative price to the stable signals from the markets, with BTC price action down this week.

Exporters have been – and continue to be – delighted, and some are still betting on spectacular price reductions in the short future.

The overall emotion, as determined by the Crypto Fear & Greed Index, has now shifted to roughly resemble the location.

The Index was only 34/100 at the time of writing, indicating that “fear” had scored 20 full points overnight.

The sudden drop contrasts with the Index’s performance over the previous two months, when it remained in the “greedy” category for roughly two months, hovering around the lower 70s.

As a result, investors have been in a strong position since the end of September, right before Bitcoin’s most recent surge.

As previously said, whales have been accumulating as prices have fallen, and there is a clear separation between old and new hodlers.

This is supported by statistics that demonstrate that the majority of BTC offerings are now losing money.

Long-term owners (LTH) have been involved in tiny sales recently, according to the on-chain analytics business Glassnode, and hold only 3% of offers, which are currently non-profit.

The sale has been taken over by short-term owners (STH), or coins that have been gone for more than 155 days.

On Friday, Glassnode remarked on Twitter that “STHs who bought at the peak now control the bulk of the BTC at an unrealized loss.”

Leave a Comment

Your email address will not be published.