Home Market Long-term holders’ bias ratio hints at Bitcoin’s potential return to bull market

Long-term holders’ bias ratio hints at Bitcoin’s potential return to bull market

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quick take

  • Bitcoin long-term holders (LTH) trading volume bias ratios for exchanges are: LTH is sending more profitable coins to the exchanges compared to the losing coins shown in green.
  • According to Glassnode data as of May 25, LTH’s volume bias ratio to exchanges is currently at 1.73, a slight advantage in that long-term holders are profitably sending coins to exchanges. It is shown that.
  • As CryptoSlate reported on May 19, the supply of long-term holders recently reached an all-time high of 14.463 million.
  • If the ratio is red, it indicates that LTH is sending more losing coins to exchanges compared to profitable coins, usually during bear markets.
  • A bear market trough occurred in November 2022 of this cycle, and similar patterns emerged in 2016 and 2019, with ratios of 1 being tested and possibly retested multiple times.
  • For the current cycle to be considered a new bull market, the control ratio must remain positive.
Replace LTH Vol: (Source: Glassnode)

The long-term holder bias ratio, which suggests a possible return to a bull market for Bitcoin, was first published on CryptoSlate.

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