INSUBCONTINENT EXCLUSIVE:
Strategy.BTC Long-Term Holder NUPL remains below overheated levels, indicating minimal profit taking.Daily transactions are rising without
panic selling, while accumulation addresses hold a yearly high of 250,000 BTC.Bitcoin (BTC) extended its July rally by clearing a new
all-time high of $120,000 on Coinbase on July 14at 2:47 am UTC.The flagship crypto is now up 13% this month, leading to close its third
consecutive green monthly candle.Bitcoin price on Coinbase
IBIT, which hit a record $83 billion in assets under management (AUM) on Thursday
faster than the previous record, held by $VOO, which did it in 1,814 days
The Long-Term Holder Net Unrealized Profit/Loss, a measure of whether long-term holders are sitting on major profits, remains at 0.69, below
the 0.75 level historically linked with overheating markets
Compared to the last cycle, which saw 228 days above that threshold, this cycle has only spent about 30 days in that zone, hinting at higher
price targets.Bitcoin: Long Term Holder NUPL
Source: Glassnode/XRelated: Bitcoin, Ether ETFs clock second-biggest day of inflows on recordBitcoin analyst Axel Adler Jr
that consistently acquire BTC without significant outflows, have ramped up significantly over the past month
CryptoQuant data shows these wallets now hold 250,000 BTC, the highest level of 2024
Schiff says sell Bitcoin for silver as BTC smashes new highsThis article does not contain investment advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
