{"id":5700,"date":"2025-07-02T18:13:10","date_gmt":"2025-07-02T18:13:10","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/long-term-bitcoin-holders-near-pain-point-last-seen-in-october-2024\/"},"modified":"2025-07-02T18:13:10","modified_gmt":"2025-07-02T18:13:10","slug":"long-term-bitcoin-holders-near-pain-point-last-seen-in-october-2024","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/long-term-bitcoin-holders-near-pain-point-last-seen-in-october-2024\/","title":{"rendered":"Long-Term Bitcoin Holders Near Pain Point Last Seen In October 2024"},"content":{"rendered":"

According to CryptoQuant analyst Darkfost, long\u2011term Bitcoin<\/a> holders are sitting on unrealized gains last seen during the October 2024 market dip. Right now, those holders show an average profit of 220% on coins they bought and held for the long run. That figure is surprisingly low given Bitcoin\u2019s recent surge back above $107,000.<\/p>\n

Lower Profit Levels Than Previous Peaks<\/h2>\n

Darkfost used the MVRV ratio<\/a> \u2014 market value relative to the average cost paid by long\u2011term holders \u2014 to track these shifts. In March 2024, when Bitcoin pushed up to $74,500, MVRV hit 300%. Then in December 2024, at the $108,000 peak, it climbed to 350%. By contrast, today\u2019s 220% gain reflects the fact that many long\u2011term holders bought in at much higher levels than earlier in the cycle.<\/p>\n

Price Needs To Rise To Match Past Gains<\/h2>\n

Based on an average cost basis of $33,800, Bitcoin would need to climb back to $135,200 just to restore that 300% profit level. If the market aimed to hit the 357% mark again, prices would have to reach roughly $154,400. Both figures track with what history tells us about investor behavior \u2014 people tend to sell when profits hit big round numbers.<\/p>\n

\n

\"\ud83d\udcc9\" Unrealized profits of LTH continue to decline and are now approaching levels last seen during the October 2024 correction.<\/p>\n

The average unrealized profit, based on the MVRV ratio, currently stands at around 220%.<\/p>\n

That may seem high for BTC, but when compared to previous\u2026 pic.twitter.com\/NeTCmXZVTY<\/a><\/p>\n

\u2014 Darkfost (@Darkfost_Coc) July 1, 2025<\/a><\/p>\n<\/blockquote>\n

 <\/p>\n

\"\"<\/p>\n

Historical Cycle Comparisons<\/p>\n

Looking farther back shows how much room remains. In December 2017, at the $19,500 top, long\u2011term holders saw unrealized profits of 4,000%. Then during the 2020\/2021 cycle, Bitcoin spiked to $63,000 in April 2021 and MVRV topped out at 1,230%. By November 2021, prices hit about $68,400 but unrealized gains<\/a> for long\u2011term holders had already fallen to 340%.<\/p>\n

\"\"<\/p>\n

An analyst’s recent outlook lines up with this math, first pegging a cycle top at $135,000 in October 2024. After reviewing new data in May 2025, they revised the target range to $120,000\u2013$150,000 and suggested a likely peak between August and September 2025. That range overlaps with the price levels needed to bring MVRV back to earlier highs.<\/p>\n

Room For More Upside, But Watch The Risks<\/p>\n

Based on latest figures, Bitcoin is trading at $106,750,<\/a> roughly flat over the last 24 hours. Lower profit margins mean fewer long\u2011term holders are itching to sell right now, which could leave more fuel for higher prices. Still, on\u2011chain numbers don\u2019t capture the whole picture. Spot-market flows, ETF moves and wider economic shifts can all trigger sharp reversals.<\/p>\n

For now, the evidence points to a market that isn\u2019t overheated<\/a>. If Bitcoin follows past cycles, it may have farther to climb before long\u2011term holders lock in gains at levels seen in March or December 2024. But investors should balance these on\u2011chain metrics with real\u2011world signals \u2014 and be ready for whatever comes next.<\/p>\n

Featured image from Imagen, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

According to CryptoQuant analyst Darkfost, long\u2011term Bitcoin holders are sitting on unrealized gains last seen during the October 2024 market dip. Right now, those holders show an average profit of 220% on coins they bought and held for the long run. That figure is surprisingly low given Bitcoin\u2019s recent surge back above $107,000. Lower Profit…<\/p>\n","protected":false},"author":1,"featured_media":5701,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[56,55,61,70,36,239,317],"class_list":["post-5700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-news","tag-btc","tag-btcusd","tag-crypto","tag-digital-currency","tag-mvrv"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/5700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=5700"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/5700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/5701"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=5700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=5700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=5700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}