Good sign for Bullrun...
In the past 30 days, 94.6% of all Bitcoin hasn't budged, a record. It hints at an impending bull run. Long-term holders are resolute, reflecting crypto's lasting potential. Bitcoin's scarcity plays a role, shifting tides during bull and bear markets. This time, it's extreme, due to Bitcoin's stability, favoring long-term holders.
A chart (by IIICapital on Twitter) shows 94.6% of Bitcoin supply idle for 30 days. It underscores market calm and inactivity. This pattern repeats before bull markets—a stagnant supply, followed by surging demand and price spikes. 📈🐂 #bitcoin #CRYPTOTRADINGBOTS #BullRun #crypto2023 #crypto2023
In the past 30 days, 94.6% of all Bitcoin hasn't budged, a record. It hints at an impending bull run. Long-term holders are resolute, reflecting crypto's lasting potential. Bitcoin's scarcity plays a role, shifting tides during bull and bear markets. This time, it's extreme, due to Bitcoin's stability, favoring long-term holders.
A chart (by IIICapital on Twitter) shows 94.6% of Bitcoin supply idle for 30 days. It underscores market calm and inactivity. This pattern repeats before bull markets—a stagnant supply, followed by surging demand and price spikes. 📈🐂 #bitcoin #CRYPTOTRADINGBOTS #BullRun #crypto2023 #crypto2023