Cathie Wood's ARK: Bitcoin's Bullish Momentum Slows as Long-Term Holder Stacks Hit Record
2025-07-09 19:37:32
Main Idea
ARK Invest's June report highlights a 15-year high in holdings for long-term bitcoin holders, while new investor activity declines, and Bitcoin's price saw a modest 2.55% increase in June but failed to surpass its May peak of $112,000.
Key Points
1. Bitcoin's price increased by 2.55% in June but did not exceed May's record of $112,000.
2. Long-term bitcoin holders (LTHs) have reached a 15-year high in holdings.
3. New investor activity is declining as Bitcoin continues to trade within a narrow range.
4. The Market-Value-to-Realized-Value (MVRV) ratio is used to measure market dynamics.
5. The U.S. dollar's strength, as measured by the Fed’s Nominal Broad Trade Weighted Dollar Index, continues to rise.
Description
Bitcoin's price saw a modest 2.55% increase in June, failing to surpass its May peak of $112,000. The cryptocurrency continues to trade within a narrow range, reflecting a period of consolidation, according to ARK Invest's latest Bitcoin Monthly report . A significant development highlighted in the report is the rise in long-term holders (LTHs), who now possess 74% of the total bitcoin supply — a level not seen in 15 years. This suggests a strong conviction among seasoned investors, even as the ...
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