Bitcoin on-chain data highlights the steps BTC is taking to exit the bear market

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

When compared to previous Bitcoin market cycles, the changes in the long and short-term holder supply cohort suggest that the worst of the bear market could have passed.

suggests that Bitcoin has built a strong foundation below the $30,000 level, and the current supply structure shows similarities to early 2016 and early 2019.

. In contrast, short-term holders , who acquired coins after FTX failed, have seen their supply balance of 2.914 million BTC remain relatively constant in 2023.By April 12, 155 days had passed since the FTX exchange collapsed on Nov. 8, 2022. The 155-day mark is crucial because it is the minimum length of time that a Bitcoin holder must have held their coins to be classified as a long-term holder .

It added that the supply structure also has similarities to early 2016 and early 2019. Notably, while Bitcoin’s price did not form new lows in 2016 and 2019, the actual bull run didn’t start for 18 to24 months in late 2020 and 2021. The period of parabolic rise usually witnesses a swift spike in the percentage of holdings on LTH in profit, followed by profit-taking.The year-to-date strength in Bitcoin’s price is supported by an “explosive uptick” in coins held at a profit.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 562. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

I believe it too and I'm actively buying bitcoin in ownr and waiting for growth

We’ll just look at the BTC 4 year market cycle, it’s not rocket science

Bull market soon after a few more macroeconomic tweaks.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Ethereum (ETH) Tapped New 11-Month High, Bitcoin (BTC) Slips Below $30K: Market WatchAvalanche (AVAX) is the best performer from the larger-cap alts, pumping 6% in the past 24 hours.
출처: Crypto_Potato - 🏆 568. / 51 더 많은 것을 읽으십시오 »