Bitcoin Long-Term Holders Officially Enter Into Greed Territory, Is This Good Or Bad For Price?

Quick Summary:

However, in the long term, this excessive optimism could put BTC in overbought territory, eventually sparking a massive wave of sell-offs that would send the Bitcoin price tumbling.  This greed phase among Bitcoin long-term holders looks to be sparked by optimism around Donald Trump’s pro-crypto administration and the strategic BTC reserve especially.

The platform also mentioned that Bitcoin whales peaked up steam this week with the US inauguration and a new BTC ATH as transactions exceeding $100,00 surged to their highest level in six weeks.  This greed phase is good for the BTC price, as it could continue to send the flagship crypto to new highs.

In the short term, this greed phase is bullish for the Bitcoin price since this market sentiment could spark more buying pressure and drive the flagship crypto higher.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Bitcoin Crypto Rover CoinMarketCap BTCUSDT Btc price Bitcoin Holders Greed Phase Santiment Bitcoin price BTC news Btc Ali Martinez Btcusd Bitcoin news Bitcoin Overbought Territory

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-25 @ 05:30:02 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 451 words

Reading Time: 3 minutes read

Sentences: 64 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 25418651

View Article Analysis

About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 5 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

Publisher Details

Frequently Asked Questions