Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
FxWirePro- Major Crypto levels and bias summary 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
FxWirePro- Major Crypto levels and bias summary 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K 
Long-term Bitcoin holders have accumulated over $10 billion, even as the cryptocurrency's price has fallen below $60,000, indicating a cautious stance in the market.
Bitcoin Holders Reach $10B Mark
An analyst claims that long-term Bitcoin holders have been reluctant to sell the cryptocurrency as its price has fallen from its all-time highs in 2021, despite the fact that they have invested a total of $10 billion into the asset.
"For the first time ever, the realized capitalization of long-term holders has exceeded $10 billion," CryptoQuant contributor Amr Taha wrote in a post on August 27.
Long-term Holders Reluctant to Sell
The last selling price of a Bitcoin is factored into the realized cap. Bitcoin analytics company Bitbo states that their market cap is "often compared to Market Cap to get a sense of the overall market vibe" when calculated.
Anyone who has kept Bitcoin for more than 155 days is considered a long-term holder. "The likelihood of selling decreases significantly, meaning these holders are less likely to sell during short-term market fluctuations," Taha said when holders' holding periods had exceeded 155 days.
Per Axel Adler, a fellow CryptoQuant contributor, the selling pressure from long-term holders has "decreased 3.7 times" since Bitcoin started its 29-day stretch of trading below $69,000 on July 30.
Bitcoin Price Falls to $59K
As of this writing on August 28, Bitcoin was trading at $59,404, a decrease of 5.47 percent over the previous day. According to CoinMarketCap, the asset hit a high of $64,791 earlier this week, but it has since fallen by 0.11%.
According to data from ChainExposed, the average price that long-term holders paid for Bitcoin was $64,490. The current price of Bitcoin is around 8% lower than that.
However, crypto traders think prices might fall considerably more, so long-term holders will have to wait even longer for better opportunities to cash out.
A cryptocurrency dealer going by the name of Rekt Capital added:
Bitcoin might enter a zone of uncertainty if it breaches the $50,000 support level, which many traders consider to be a critical level.
Market Uncertainty Looms
Approximately 75% of Bitcoin in circulation has remained unchanged for the last six months or more, according to a June analysis by Glassnode.
