- Bitcoin and Ethereum experienced significant gains recently, with Ethereum surging 10%, possibly influencing Solana holders.
- Crypto analyst Jason Pizzino predicts many traders might sell their crypto holdings in early to mid-2025, aiming to avoid past losses.
- Pizzino warns that selling too early could miss further gains if the market continues its bull run later in the year.
- He discusses the potential risks and benefits of taking profits, as some traders prefer securing gains over gambling on future increases.
Although Bitcoin and Ethereum have slowed down in the past few hours, they had both seen nice gains in the past days, with ETH pumping 10% at some point, causing Solana holders to “question themselves”, as Aussie trader and crypto analyst Jason Pizzino puts it.
In a recent video, Pizzino also discussed the potential of selling all crypto holdings in 2025 and what that could look like.
Related: Crypto’s Wild Ride Awaits as Altcoin Funds Line Up at SEC’s Door, Says Bloomberg’s Balchunas
No Roundtrip, Thank You Very Much
So, where does that narrative about selling all assets in 2025 come from? Well, many who have been in the crypto market since the last bull market in 2021 have bought at the top and have been left holding their bags since. Many also didn’t sell or take any profits, expecting more gains and in many cases had been riding the markets down to the lows of late 2022.
Those dramatic days – post FTX, post SBF and post Terra Luna and Do Kwon – have caused much heartbreak among newcomers, as Bitcoin hit a low of US$15,742 (AU$24,187) on 10 November 2022.
Understandably, many are now eager to lock in some profits and avoid a repeat of those days when their portfolio lost value faster than Jim Cramer could call the top.
According to Pizzino, many traders are eyeing the first and second quarter of 2025 for profit taking, which could well be the top for this bull run. Or, as Pizzino mused on X, we might see a “major local top which ends up ripping higher later in the year and leaves them in the dust”.
He added that it’s mind blowing how many traders think they can leave “the game injury free”. This could see many left behind, sitting on the sidelines, if the bull run continues into late 2025 after many sold too early.
Ethereum Co-Founder Sells 20,000 ETH
But, some seem to be ok with being left behind, at least taking some profits along the way. Crypto Twitter user Crapto (yes, I assume this is not their real name), said they’re ok with being left behind after taking some hefty profits, and that their plan doesn’t include Bitcoin needing to go any higher.
Of course, none of this is financial advice; it’s always important to set your individual goals based on your own circumstances. And while it’s true that you could be missing out on further gains, nobody ever became poor due to profit taking.
Related: Cardano Unlocks New Features as First Zero-Knowledge Smart Contract Goes Live on Mainnet
Just look at Ethereum co-founder Jeffrey Wilcke, who just took some profits off the table.
Credit: Source link
