Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
BTC Cycle Cycle: Long-term holders' chip floating profit ratio surges, a huge pit is coming?

BTC Cycle Cycle: Long-term holders' chip floating profit ratio surges, a huge pit is coming?

CryptoChan2024/11/18 10:27
By:CryptoChan
From the on-chain data, the high point of #BTC's price is closely related to the distribution of floating profit chips by long-term holders (holding coins for more than 155 days without movement). The chart shows that during the historical bull market (such as 2012-2013, 2016-2017, and 2020-2021), the floating profit ratio increased significantly, and a "huge pit" formed after the price peaked (indicated by the red arrow). Currently, as the cycle of 24-25 years approaches, the floating profit chip ratio has risen again. Does this indicate a new round of distribution and market adjustment? Pay attention to the on-chain trends, history may be repeating itself!
BTC Cycle Cycle: Long-term holders' chip floating profit ratio surges, a huge pit is coming? image 0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

The big shot who milked SOL at the bottom of 8 dollars has started to "call" ETH

"The Ethereum community once fell into a complacency trap, but has now begun self-reflection."

Chaincatcher2024/11/18 10:33

Buy the rumor series: Expectations for an improved regulatory environment heat up, which cryptocurrency benefits the most directly?

With the improvement of regulatory expectations, I believe the ETH Staking sector will be the one with the highest direct returns, and Lido, as a leading project, may also be able to break free from its current price predicament.

Chaincatcher2024/11/18 10:33