Recent changes in the cryptocurrency market have attracted the attention of analysts and investors. After Bitcoin reached a new all-time high, its price fell, sparking discussions about future trends.
Impact on Long-Term Holders
Bitcoin recorded a return of 37% in November 2024. However, the selling pressure led to a significant cooling in long-term holders' profits, dropping from $10 billion to $3 billion in December. Analyst Percival noted, "This means that LTH has realized most of its profits at this stage and is ready to see further increases."
Price and Coinbase Premium Divergence
Despite such positive change, there is a decline in Coinbase premium, noticed since early December. An anonymous trader, Yonsei Dent, pointed out that the decrease may indicate weakness in the medium-term buying momentum, suggesting a lack of support for price growth from US investors.
Predictions for the Next Half-Year
Despite the choppy market structure, independent trader Daan Crypto believes Bitcoin could continue its trend and achieve a new breakout in Q1 2025.
Analysts and investors continue to closely monitor the Bitcoin market, considering recent changes and expectations for US Federal Reserve policy shifts. The current situation could be significant in determining future trends.
