💡According to Coinglass data, the supply controlled by Bitcoin long-term holders (holding for more than 155 days) has reached a historical high of 16.65 million coins.


Swan CEO believes that this indicator has historically been a key sign of a "cycle bottom," and this cycle will bottom out earlier than previous ones.
Jiang Zhuoer believes that MicroStrategy (MSTR)'s mNAV has dropped to 0.72 (close to the 2022 low), and historical experience shows that the bitcoin:native bottom usually occurs 6 months after the mNAV low.
There is still considerable divergence on the bottom, but most discussion ranges are concentrated in October-December.
Diamond hands, hold strong for me!
BTC4.41%
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