According to 【比推】 news, data analyst Axel Adler Jr stated that if we observe the entire long-term holder group, their current selling operations are close to the lowest level. Essentially, the selling operations of long-term holders have reached the current lowest point, which corresponds exactly to the classic accumulation phase. In the previous four similar cases, three times this behavior of long-term holders resulted in a rise in Bitcoin prices of 18% to 25% within the next 6 to 8 weeks.
The current sluggish state of the long-term holder binary indicator is supported by positive on-chain holding days momentum and MVRV Z-score values, which further enhances the possibility of Bitcoin’s continued rise.
Indicator explanation: MVRV Z-score value of 0 indicates neutral valuation, ±1 represents extreme levels.
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Long-term holder selling behavior hits bottom. Historical data suggests that BTC price may rise by 18%-25%.
According to 【比推】 news, data analyst Axel Adler Jr stated that if we observe the entire long-term holder group, their current selling operations are close to the lowest level. Essentially, the selling operations of long-term holders have reached the current lowest point, which corresponds exactly to the classic accumulation phase. In the previous four similar cases, three times this behavior of long-term holders resulted in a rise in Bitcoin prices of 18% to 25% within the next 6 to 8 weeks.
The current sluggish state of the long-term holder binary indicator is supported by positive on-chain holding days momentum and MVRV Z-score values, which further enhances the possibility of Bitcoin’s continued rise.
Indicator explanation: MVRV Z-score value of 0 indicates neutral valuation, ±1 represents extreme levels.