🔥 Bitcoin On-chain: You're Still EARLY This Cycle 🚨
In this analysis I want to dive deeper into on-chain analytics, namely the amount of the BTC supply that has not moved in over 1-year (read: investors that hold BTC for >1 year).
This metric is important because it gauges the amount of hodlers in the market. Historically, the amount of hodlers always goes up during bear-markets and goes down during bull-markets.
Take a look at the previous three cycles. Hodlers only really started selling after BTC has made a new all-time high.
Seeing that the white line has only just started going down, we can safely assume that we're still early into the real bull-market and that we likely have another 6-12 months of bull period (historically) ahead of us.
Don't worry if you missed the boat on your favorite altcoin, you're still early.
This metric is important because it gauges the amount of hodlers in the market. Historically, the amount of hodlers always goes up during bear-markets and goes down during bull-markets.
Take a look at the previous three cycles. Hodlers only really started selling after BTC has made a new all-time high.
Seeing that the white line has only just started going down, we can safely assume that we're still early into the real bull-market and that we likely have another 6-12 months of bull period (historically) ahead of us.
Don't worry if you missed the boat on your favorite altcoin, you're still early.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.