Bitcoin (BTC) secured an all-time high above $109,000 last week as billionaire Republican Donald Trump became the 46th US president. However, the premier crypto asset has since declined, with its current market price currently below $105,000. Interestingly, the current Bitcoin holder yield data is supported by a bullish market structure, indicating little bearish potential.

Bitcoin Holders Reap Huge Profits: Long-Term Investors Up 70%

In the crypto market, the profitability of asset holders based on their realized price, i.e. average acquisition cost, is an critical measure in predicting investor sentiment. IN Quick post On Cryptochant, an analyst with the username CrazzyBlockk provided insight into the profitability of Bitcoin holders at three main levels.

The analyst states that data from Cryptochant shows that long-term BTC holders, IE, investors over 6 months are currently experiencing an average gain of 70%. Meanwhile, short-term holders, i.e. those holding less than six months, see a moderate gain of 14.5%, reflecting their ability to accurately navigate recent market conditions.

Finally, despite constrained exposure, novel IE investors holding Bitcoin for less than 1 month experience a modest gain of 4.7%. Going by this data, no level of BTC holders are currently facing significant losses, reducing the possibility of a general market oversold.

Importantly, while profit percentages showed a slight decline from previous weeks and months, the BTC market is unlikely to enter a bear phase as long as short-term holders and novel market entrants continue to see significant gains.

The importance of these Bitcoin holder levels comes from the continued distribution by long-term Bitcoin holders who are currently profiting. For example, popular crypto analyst Ali Martinez Reports that long-term Bitcoin holders have dumped 75,000 BTC over the past week.

These significant amounts of bitcoin offloaded by long-term holders are purchased by short-term holders and novel investors, washing out the effect of potential selling pressure on the market. Therefore, if these investors start to suffer losses, it could put bulky pressure on BTC.

BTC price overview

At press time, Bitcoin is trading at $104,737, reflecting a gain of 0.09% in the last day. The cryptocurrency girl is down 0.46% on the weekly chart. However, the 8.71% price enhance over the last 30 days reflects the current bullish BTC market structure.

After Donald Trump’s inauguration, expectations for BTC are likely to enhance, given the novel US president’s pro-crypto manifesto. So far, President Trump’s administration appears to be off to a promising start, marked by the SEC’s repeal of controversial SAB 121 and an executive order exploring the establishment of a national digital asset equity.