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Bitcoin Boom: LTHs Raking in 85% Profits & Metaplanet’s Big Bet – Should You Panic? Nah!

BBG News
  • Bitcoin LTHs are laughing all the way to the bank with 85% profits right now!
  • Metaplanet just dropped a cool 330 BTC. Because why not?

So, Bitcoin’s price has been wobbling around like a drunk uncle at a wedding, right? But the long-term holders? Oh, they’ve been sticking to their guns, like the champions they are. 💪

In fact, Bitcoin’s long-term holders are currently sitting pretty with an 85% profit margin. And you thought your 10% return on that crypto app was good? Ha! They’re out here flexing, with the SOPR sitting at a dazzling 1.85. Look at them go! 🙌

The price they paid? About $27k. The price they’re seeing? About $40k. Do the math, folks. This is the kind of profit that makes your Tesla stock look like Monopoly money. 🔥

The profit-to-loss ratio for these LTHs is sitting pretty at 3.1 right now, after jumping from 1.9. Oh yeah, they’re confident. They’re not even sweating. 🏋️‍♂️

Here’s the kicker: historically, bear markets have forced prices below the LTHs’ realized price. That’s when they panic, sell everything, and cry into their altcoins. But guess what? That’s not happening now. LTHs are buying like there’s no tomorrow. So, forget about capitulation, it’s not even on their radar. 🚀

And speaking of buying, let’s talk about Metaplanet, shall we? They just made a MASSIVE purchase of 330 BTC for a mere $28.2 million. Casual, right? That takes their total stash to a jaw-dropping 4,855 BTC, worth around $500 million. 💸

So, yeah, long-term holders are clearly still in it for the long haul. And with the Coinday NVT & RVT ratios showing positive movement, it looks like they’re not in a rush to sell anytime soon. 🕰️

What’s next for BTC?

Here’s the thing: Bitcoin’s looking pretty good right now. According to AMBCrypto’s analysis (yeah, they know their stuff), long-term holders aren’t just holding steady—they’re doubling down. So unless we see them panic and sell off, we’re not heading for a bear market anytime soon. 🐻

In fact, this bullish behavior might just push Bitcoin higher. It’s already reclaimed that sweet $87k level, which could be the signal for a breakout. A quick jump to $90k, anyone? 🏃‍♂️💨

If BTC can close above $87,500 on a daily basis, you can bet it’s a party. But, if things go south, don’t be surprised if Bitcoin takes a little dip to $84,526. Either way, grab your popcorn. 🍿

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2025-04-21 22:20

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