Bit360
06/30 18:12
In the past, sharp rises in this ratio have preceded major Bitcoin breakouts. The same signal was seen before the rallies to $28,000, $60,000, and $100,000.

Each time, long-term holders showed strong conviction, while short-term holders sold off or disappeared. The chart highlights that this same pattern is now happening again.
When that happens, supply drops. The ratio has surged, and the 30-day change is also positive. This means long-term holders are increasing, and short-term traders are shrinking fast.
This shift in supply dynamics has, since 2022, preceded every major price rally. Bitcoin’s current price sits just below $110,000, but the chart suggests that a new rally may already be underway.
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