Analysis Sees New Bitcoin Bull Market as Older Coins’ Realized Cap Share Drops

Analysis Sees New Bitcoin Bull Market as Older Coins’ Realized Cap Share Drops

A decline in the share of Bitcoin’s realized cap held by coins unmoved for 18 months or longer points to the ‘early stages’ of a bull market, analysis says.

Bitcoin price recovery ahead as selling pressure eases?

Bitcoin’s short-term holders have moved out of a historically strong selling zone, with the share of their holdings sitting in profit falling to roughly 70% from nearly 100% in late September, according to Glassnode. In an October 27 market update,…

Bitcoin short-term holder profit drops to 70%, which Glassnode says may favor buyers

Bitcoin short-term holder profit fell to about 70% from near 100%. Glassnode says this may offer buyers a better entry as selling pressure eases.

Bitcoin (BTC)’s Recent Buyers Move Beyond Heavy Selling Pressure

About 70% of short-term holder positions remain profitable, down from nearly all at September’s end.