🔄 Capital turnover in #Bitcoin: Long-term HODLers dominate supply 📈

🔍 Analysis Tools: Realized Cap HODL Waves and NUPL

🔵 Bullish trend: coins move from long-term holders to new investors

🔴 Bearish trend: speculators transfer coins to long-term holders

🟣 Current market resembles recovery from bear markets in 2016 and 2019

🚀 Let's remain optimistic about the future of Bitcoin! 💪