Bitcoin Long-Term Holders Shift Strategy Amid Price Correction
As Bitcoin experiences a recent price pullback, on-chain data from CryptoQuant reveals a notable increase in profit-taking activities by long-term holders. The Binary Coin Days Destroyed metric highlights this trend, suggesting that these investors are seizing the opportunity to lock in gains following the cryptocurrency's rally. With Supply-Adjusted CDD data indicating coin movements above historical averages, this behavior could signal a shift in market sentiment. This article delves into the implications of these developments for Bitcoin's future trajectory and what it means for investors in the evolving digital asset landscape.
Long-Term Bitcoin Holders Begin Profit-Taking as BTC Price Dips
Bitcoin's recent price pullback coincides with increased selling activity from long-term holders, according to CryptoQuant's on-chain analysis. The Binary Coin Days Destroyed metric indicates these investors are capitalizing on the cryptocurrency's rally to realize gains.
Supply-Adjusted CDD data reveals coin movements exceeding historical averages, signaling a potential shift in holder behavior. Such profit-taking episodes often precede short-term volatility but rarely disrupt long-term bullish trends.
JPMorgan Predicts Bitcoin to Outperform Gold in Late 2025
JPMorgan analysts project bitcoin will eclipse gold as the preferred hedge asset in the second half of 2025. The bank notes BTC's upward trajectory may accelerate while gold stagnates, reflecting shifting institutional sentiment.
Both assets gained prominence earlier this year amid geopolitical tensions and currency debasement concerns. Though the hedging trade paused in early 2025, JPMorgan anticipates renewed momentum favoring digital assets over traditional stores of value.
Wallets with 10+ BTC Now Control 82% of Bitcoin Supply – Is Scarcity Next?
Bitcoin's supply is increasingly concentrated among large holders, with wallets containing at least 10 BTC now controlling 82.5% of the total circulating supply. Retail investors are left with just 17.5%, highlighting a growing divide in market participation.
Institutional players and wealthy traders continue to dominate liquidity, with entities like Trump's Strategic Bitcoin Reserve potentially absorbing half of all newly mined Bitcoin. This accelerated accumulation could hasten scarcity, further tightening available supply.
The trend marks a significant departure from Bitcoin's original decentralized vision. As Santiment's May 13 data reveals, the network's centralization raises fundamental questions about market structure and future price dynamics.
MicroStrategy’s Bitcoin Premium Under Pressure Amid ETF Rise
Renowned short seller Jim Chanos has unveiled a controversial arbitrage strategy at the Sohn Investment Conference, pairing a long position in Bitcoin with a short on MicroStrategy’s stock. "We’re selling MicroStrategy stock and buying bitcoin—paying $1 for something worth $2.50," Chanos remarked, highlighting the widening gap between MSTR’s premium and underlying BTC holdings.
The trade underscores a broader institutional pivot toward direct Bitcoin exposure via spot ETFs, eroding MicroStrategy’s historical role as a corporate BTC proxy. As capital flows into ETFs, the firm’s stock premium faces existential pressure—a dynamic Chanos now exploits through his Kynikos Associates fund.
Automated AI Asset Manager Unilabs Gains Traction Amid Bitcoin Volatility
Unilabs' AI-driven BTC investment platform is emerging as a compelling solution for investors navigating Bitcoin's price swings. The protocol's automated risk management and presale performance suggest disruptive potential in crypto asset management.
Market observers highlight the fund's algorithmic approach to maximizing returns while reducing exposure—a timely innovation as institutional interest in Bitcoin grows. Early adoption metrics point to strong product-market fit.
Coinbase Faces Insider Phishing Attack, $400 Million at Risk
Coinbase, the world's third-largest cryptocurrency exchange, was targeted in a sophisticated insider phishing attack that exposed sensitive user data. External attackers bribed a small group of overseas customer support contractors, compromising names, email addresses, and limited transaction records for less than 1% of monthly active traders.
No passwords or private keys were stolen, and Prime Accounts remained unaffected. The breach highlights persistent security challenges in the crypto industry, where even minor data leaks can fuel secondary scams. Coinbase confirmed the attackers demanded a $20 million Bitcoin ransom, though the full extent of potential losses remains unclear.
