BTC31011

06/30 18:23

Bitcoin Supply Change Foreshadows Another Breakout

Bitcoin Supply Change Foreshadows Another Breakout

Sharp increases in this ratio have often preceded major Bitcoin breakouts in the past. The same signal preceded Bitcoin price increases 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 shows that the same pattern is happening again now.

When this happens, supply falls. The ratio has surged, and the 30-day change is also positive. This means that long-term holders are increasing, while short-term traders are rapidly decreasing.

This change in supply dynamics has preceded every major price increase since 2022. Bitcoin is currently trading just below $110,000, but the chart shows that a new rally may be on the way. 

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