"Based on our analysis, sharp declines in long-term holder supply (purple line) have frequently coincided with strong bitcoin rallies ... coins being withdrawn by individual investors ...
There is clearly a relationship between the bitcoin price and whether miners are accumulating or selling, but correlation does not equal causation and when we include the behavior of long-term holders ...
Bitcoin (BTC) starts the year with a shift in ownership. Even after 16 years have proven the long-term holding outlook, the new cohorts of buyers face the challenge of a higher cost basis.
Bitcoin hodlers continuing to accumulate during price declines, along with short-term holders buying more during price surges driven by FOMO (fear of missing out), sets a “bullish tone” for ...
"Based on our analysis, sharp declines in long-term holder supply (purple line) have frequently coincided with strong bitcoin rallies (white line), as seen in Q1 and Q4 ... "While many interpret this ...
Large Bitcoin holders are back to buying huge amounts of the cryptocurrency as its price dove toward the end of 2024 following a record six-figure high, according to a Blocktrends analyst.