CryptoQuant Founder Ki Young Ju stated that the current price of Bitcoin is similar to two years ago, but the on-chain structure has changed significantly. The group of buyers holding coins for 6 months to 2 years in this cycle now accounts for 53% of BTC's realized market value, up from 15% two years ago. He believes that in the previous cycle, Bitcoin bottomed out when this ratio reached 68%. This indicates that short-term holders are gradually converting into long-term holders, and the market's chip structure is undergoing a transformation.

BTC-5.54%
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LightsInTheMistyValley
· 7h ago
Ki Young Ju's data has always been reliable; let's see if this time he can replicate 68% of the script.
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0xCaffeine
· 8h ago
The on-chain structure has changed, but the price hasn't, indicating that it's still building momentum.
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RiskParityKid
· 8h ago
Last cycle bottomed out at 68%. Can it happen earlier this time?
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OffshoreWindOrder
· 8h ago
Short-term becomes long-term, selling pressure naturally eases, and the logic makes sense.
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RugPullEnjoyer
· 8h ago
For those holding coins for 6 months to 2 years, the cost range is quite critical; it needs to be closely monitored.
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NonceNinja
· 8h ago
So now it's long-term funds building positions? Then what am I worried about?
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