BTC Cycle Cycle: Long-term holders' chip floating profit ratio surges, a huge pit is coming?
CryptoChan2024/11/18 10:27
By:CryptoChan
From the on-chain data, the high point of #BTC's price is closely related to the distribution of floating profit chips by long-term holders (holding coins for more than 155 days without movement). The chart shows that during the historical bull market (such as 2012-2013, 2016-2017, and 2020-2021), the floating profit ratio increased significantly, and a "huge pit" formed after the price peaked (indicated by the red arrow). Currently, as the cycle of 24-25 years approaches, the floating profit chip ratio has risen again. Does this indicate a new round of distribution and market adjustment? Pay attention to the on-chain trends, history may be repeating itself!
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
The big shot who milked SOL at the bottom of 8 dollars has started to "call" ETH
"The Ethereum community once fell into a complacency trap, but has now begun self-reflection."
Chaincatcher•2024/11/18 10:33
Buy the rumor series: Expectations for an improved regulatory environment heat up, which cryptocurrency benefits the most directly?
With the improvement of regulatory expectations, I believe the ETH Staking sector will be the one with the highest direct returns, and Lido, as a leading project, may also be able to break free from its current price predicament.
Chaincatcher•2024/11/18 10:33
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$90,528.61
-0.46%
Ethereum
ETH
$3,064.26
-1.57%
Tether USDt
USDT
$1
+0.01%
Solana
SOL
$242.37
+4.11%
BNB
BNB
$614.78
-2.46%
XRP
XRP
$1.12
+7.20%
Dogecoin
DOGE
$0.3619
-0.61%
USDC
USDC
$1
+0.01%
Cardano
ADA
$0.7314
+2.66%
TRON
TRX
$0.2002
+2.66%
Bitget pre-market
Buy or sell coins before they are listed, including ZRC, MAJOR, OGC, MEMEFI, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now