Crypto
Bitcoin price analysis sees ‘strong rally’ as old coins become dormant
A decline in the share of Bitcoin’s realized cap held by coins unmoved for 18 months or longer points to the ‘early stages’ of a bull market, analysis says.
Cointelegraph•
A decline in the share of Bitcoin’s realized cap held by coins unmoved for 18 months or longer points to the ‘early stages’ of a bull market, analysis says.
Bitcoin (BTC) onchain transaction data is hinting at the start of a new uptrend as long-term holders retreat from selling.
Data from onchain analytics platform CryptoQuant shows that investors holding coins for 18 months or longer are starting to become less active.
CryptoQuant noted that the UTXO trend reversal remains modest, implying that the market is witnessing only the very start of more bullish conditions.