Bitcoin (BTC), 30-Day Profit Streak... 'Green Light' for Bullish Reversal

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On-chain signals have emerged, indicating an increased possibility of a bullish reversal, as some short-term Bitcoin (Bitcoin, BTC) holders have maintained profitability for 30 consecutive days.

According to Cointelegraph on September 15 (local time), CryptoQuant analyzed that some Bitcoin short-term holders have remained in profit since August 16. This is the longest consecutive profit period since 2026. Short-term holders refer to wallets that have held unspent transactions for less than 6 months. They tend to be new investors who are sensitive to price fluctuations.

The value of Bitcoin held by short-term holders in profit amounted to $168.2 billion. The amount below the purchase price was $102.6 billion. CryptoQuant noted that the profitability has not been interrupted for 30 days, which is more significant than the difference between the two amounts. Although a profit period appeared in January, it did not last more than a week, and in May, losses maintained dominance.

CryptoQuant stated, "This is the first time short-term holders have continuously remained in profit since the market peak." In past Bitcoin market recovery processes, a trend of longer consecutive profit periods for short-term holders was observed. The same phenomenon was observed at the end of the 2022 bear market. CryptoQuant assessed this as a prerequisite for the return of a long-term upward trend.

The overall investor profit structure has also improved. The Spent Output Profit Ratio (SOPR), which tracks the net profit/loss of all investors, has remained above 1 (the breakeven point) since August 19. Among short-term holders, the average purchase price for wallets held for 1-3 months is $63,372. The average purchase price for wallets held for 3-6 months was recorded at $73,190.

CryptoQuant explained that the profitability of short-term holders must continue for a long period to lead to a genuine reversal of the bearish trend. The analysis is that the trend of new investors maintaining profits and choosing to hold rather than sell is a key condition for the return of a long-term upward trend.

[Article Key Summary]

-Some Bitcoin short-term holders maintained profitability for 30 consecutive days, setting the longest record since 2026.

-The amount of Bitcoin held by short-term holders in profit was $168.2 billion, exceeding the $102.6 billion in loss.

-CryptoQuant analyzed that long-term profitability for short-term holders is a necessary condition for the return of a long-term bullish trend.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*