Why Bitcoin HODLers Might Finally Take Profits at $99,900—Ancient Wallets Stir! 💰🚀

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There’s a certain breed of people out there that don’t just buy Bitcoin—they raise it like an orphaned calf. Long-term holders, they call themselves. True believers. For them, every surge and every swoon is just the wind whining through the barn doors. They stare at the price while eating their morning oats and say, “I seen worse back in ‘21.”

When 350% Profit Feels Like Breakfast

The Glassnode folks—number crunchers so dedicated you can practically see the coffee stains on their keyboards—recently spilled some truth in a report. It seems these Bitcoin lifers, the ones who haven’t touched their coins in over 155 days (“just getting started” in crypto years), are close to the edge of something tremendous: a profit of 350%. Some folks would retire to a small island for less, but these HODLers? They’re just starting to yawn.

Long-term holders (LTHs), they say, are as stubborn as a mule and twice as quiet about it. The other side—short-term holders—are a fidgety bunch, always looking for an exit, sweating at every red candle. But LTHs? They’ve seen the Great Dips and survived, picking up what the STHs dropped in a panic.

Here’s a little picture:

That chart? It shows coins being scooped up and clutched in the dead of night, unmoved except for the squeak of a wallet being opened once in a blue moon. Over two months, another 254,000 BTC shuffled quietly into the diamond hands club. The LTH supply swelling while the rest wonder—will they ever sell?

Sell? Well, everyone’s got a tipping point. Even the toughest grizzled HODLers get that itch. Last year, you might have noticed a little smoke—that was just them taking profits when the market overheated. Even a stone gives way under running water (or serious bull runs).

Now, as Bitcoin tries to grow another set of wings and reach for the sun (no one tell Icarus), those seasoned hands haven’t hit the sell button just yet. The LTH supply keeps rising, as steady and reassuring as Ma’s bread. But any old-timer will tell you—history rhymes, even in crypto.

Look at those lines, the cost bases, the swollen profits. These folks sitting on their stashes are comfortably in the black—more profit than they know what to do with. And yet, the urge to sell? Not quite strong enough. This is where things get interesting.

Prior wisdom tells us: once the LTH crowd sees a fat, juicy +350% unrealized profit margin, they start thinking, “Hmm… Maybe I do want to upgrade that tractor.” Suddenly, coins start jingling their way to exchanges.

Right now, the magic number’s $99,900—a peach of a price for buyers, a showdown at high noon for the HODLers. If Bitcoin walks up to that saloon door, don’t be surprised if a few dusty old wallets creak open.

Bitcoin’s Price (Or “Why Is My Portfolio Still Whimpering?”)

Last time anyone looked, Bitcoin stood at $96,500. That’s a cool 4% up this week; enough to get a gambler’s pulse racing, though maybe not enough to make a HODLer spill his coffee. Stay tuned, the next chapter might involve some fireworks—or just more hunkering down in the trenches. 🥃📈

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2025-05-02 10:43