Quick Take
Recent analysis has shed light on an intriguing aspect of the Bitcoin market cycle. d This cohort’s behavior appears to play a crucial role in signifying a local bottom within the Bitcoin market cycle, as evidenced by a comprehensive examination of the past five years.
When this group holds a minimal profit – or, conversely, sustains large unrealized losses – it consistently correlates with a local bottom within the market cycle. This intriguing pattern underscores the influence and indicative power of short-term holders in the Bitcoin market. This dynamic implies that monitoring the profit and loss patterns of this cohort could provide valuable insights for anticipating significant turns within the Bitcoin market cycle.
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