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Analyst: Bitcoin LTH/STH Holding Ratio Continues to Rise, Likely to See Unilateral Bull Market Again
Summary: CryptoQuant analyst Axel stated on social media that during this bull market, long-term holders (LTH) of Bitcoin have consistently increased their holdings before strong price surges. The first occurrence was near $28,000: after 1-2 months of LTH increasing their holdings relative to short-term holders (STH), the price eventually broke through to $60,000. A similar accumulation ...
CryptoQuant analyst Axel stated on social media that during this bull market, long-term holders (LTH) of Bitcoin have consistently increased their holdings before strong price surges. The first occurrence was near $28,000: after 1-2 months of LTH increasing their holdings relative to short-term holders (STH), the price eventually broke through to $60,000. A similar accumulation happened during the $60,000 consolidation phase, providing momentum for a push to $100,000. Currently, at the key level of $100,000, a continuous increase in LTH/STH holding ratio is observed again: this accumulation phase may last 4-8 weeks, following the pattern of the previous cycles, a strong uptrend is likely to occur. Using a conservative multiplier of 1.6, the next target range for the uptrend is estimated to be around $160,000.
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Link: Analyst: Bitcoin LTH/STH Holding Ratio Continues to Rise, Likely to See Unilateral Bull Market Again [Copy]
