"Signs of the Bitcoin Rally Beginning Are Emerging"
$BTC
A bull market is the process where whales sell #BTC , which they bought at low prices, to individual investors during the price rise.
In past cycle patterns, long-term holders (LTH) formed the primary rally by selling a portion of their accumulated holdings. They then increased their supply again through additional buying during the subsequent decline phase, followed by a secondary rally unfolding.
Generally, the secondary rally recorded a much larger price increase than the primary rally, and the cycle concluded as LTH lost a significant portion of their holdings.
In this cycle, the primary rally began in January 2023 and continued until December 2025. During this process, LTH repeatedly bought and sold, and in the following decline phase, they engaged in aggressive buying on a scale far exceeding their sales volume, explosively increasing their holdings.
Recently, the upward trend in LTH supply has stopped, and a decrease has begun. Based on past patterns, this indicates that the secondary rally is starting.
In the 2013 cycle, the interval between the primary and secondary rallies was 8 months; in the 2017 cycle, it was 17 months; and in the 2021 cycle, it was 16 months.
In this cycle, 31 months have passed since the primary rally. This is a completely different pattern from past cycles, with the secondary rally delayed due to the launch of spot ETFs, inflows of institutional funds, and continuous buying by new 'whales.'
However, there is an important fact. LTH holds the largest amount of #BTC in history, and their supply has begun to decrease.
✏️ One-Line Summary
Signals of the delayed secondary bull rally are being captured, as #BTC LTH supply turns to a decrease and 31 months have passed since the primary rally—unprecedented compared to past cycles—with LTH's all-time high holdings supporting this.
$BTC
A bull market is the process where whales sell #BTC , which they bought at low prices, to individual investors during the price rise.
In past cycle patterns, long-term holders (LTH) formed the primary rally by selling a portion of their accumulated holdings. They then increased their supply again through additional buying during the subsequent decline phase, followed by a secondary rally unfolding.
Generally, the secondary rally recorded a much larger price increase than the primary rally, and the cycle concluded as LTH lost a significant portion of their holdings.
In this cycle, the primary rally began in January 2023 and continued until December 2025. During this process, LTH repeatedly bought and sold, and in the following decline phase, they engaged in aggressive buying on a scale far exceeding their sales volume, explosively increasing their holdings.
Recently, the upward trend in LTH supply has stopped, and a decrease has begun. Based on past patterns, this indicates that the secondary rally is starting.
In the 2013 cycle, the interval between the primary and secondary rallies was 8 months; in the 2017 cycle, it was 17 months; and in the 2021 cycle, it was 16 months.
In this cycle, 31 months have passed since the primary rally. This is a completely different pattern from past cycles, with the secondary rally delayed due to the launch of spot ETFs, inflows of institutional funds, and continuous buying by new 'whales.'
However, there is an important fact. LTH holds the largest amount of #BTC in history, and their supply has begun to decrease.
✏️ One-Line Summary
Signals of the delayed secondary bull rally are being captured, as #BTC LTH supply turns to a decrease and 31 months have passed since the primary rally—unprecedented compared to past cycles—with LTH's all-time high holdings supporting this.