Analysis: If long-term Bitcoin holders liquidate their profits, the current return rate is approximately 290%

Some analysts believe that after an initial stagnation, the rise of Bitcoin will continue after the presidential election. Ryan Lee, Chief Analyst at Bitget Research, suggests that BTC prices may retract by about 30% before resuming a bullish trend.

In addition, long-term holders of Bitcoin (addresses holding Bitcoin for more than 155 days) are sitting on considerable profits. This could increase the risk of further sell-offs as investors might seek to cash out and profit in the new year. According to data from Bitbo, the realized price for long-term holders is $24,298. If they sell at current prices ($94,820), they can make a profit of approximately 290%.

However, short-term holders (those who have held Bitcoin for less than 155 days) have a much higher average cost basis. The realized price for this group is $86,753; if sold at current prices they would only make a profit of around 9.29%. (Cointelegraph)