📈 Bitcoin is still too far from a bullish reversal, believes crypto trader with the nickname bee. He pointed out two factors:



🔹 Historically, a bear market lasts at least 350 days — we have completed about 65% of this distance;
🔹 The bottom has never formed without touching the chart of the 350-day moving average line — currently this value is approximately $47,000.

bee's conclusions regarding the expectation of a bullish market were partly confirmed by Glassnode. The relative unrealized losses of long-term holders (LTH) reached a peak of 15% in early April. In previous deep "bear markets," the indicator exceeded 75%.

“LTHs have only experienced a small portion of the stress observed at historical cycle lows. This suggests that the recent decline, although significant, has not tested their conviction as severely,” noted platform analysts.
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Gor88
· 5h ago
Burlan 🐂
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MasterChuTheOldDemonMasterChu
· 11h ago
Hop on now!🚗
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MasterChuTheOldDemonMasterChu
· 11h ago
Steadfast HODL💎
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