Bitcoin bull run traced to ‘smart money’ as 40% of total supply held for over three years

2023-9-6 20:00

Quick Take

The onset of the massive Bitcoin bull run can be traced back to September 2020, a period marked by significant price accumulation followed by a monumental ascent from $10k to $60k. The data uncovers notable trends within the Bitcoin supply dynamics. Particularly, the supply that has been held for over three years has reached an unprecedented pinnacle, accounting for a substantial 40% of the total supply.

This is suggestive of a parabolic run, which is often indicative of movements by the so-called “smart money.” These long-term holders, seemingly equipped with foresight, may have anticipated the global expansion of central bank balance sheets, stimulus measures, and the implications of COVID-19 lockdowns on asset prices.

Supply Last Active 3+: (Source: Glassnode)

The post Bitcoin bull run traced to ‘smart money’ as 40% of total supply held for over three years appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 96978.69 (-0.14%)
Объем 24H $43.355b
Изменеия 24h: -0.17 %, 7d: -5.74 %
Cегодня L: $96041.94 - H: $97458.26
Капитализация $1920.139b Rank 1
Цена в час новости $ 25736.94 (276.81%)

bitcoin run supply traced monumental accumulation followed

bitcoin run → Результатов: 126


Bitcoin Bull Run: Past Its Prime, Or Poised For A Correction? Analyst Raises Eyebrows

Famed trader Peter Brandt has thrown a wrench into the gears of Bitcoin’s celebratory parade. In a recent analysis titled “Does history make a case that Bitcoin has topped?”, Brandt throws cold water on the idea of a limitless price surge, suggesting the cryptocurrency might be nearing the summit of its current bull run. Related […]

2024-4-28 16:30


Sleeping Bitcoin Giants Wake Up: Pattern Mirrors 2021 Bull Run

On-chain data shows the dormant Bitcoin whales have been becoming active again recently in a fashion that’s reminiscent of the 2021 bull run. Bitcoin Whales Dormant Since 10+ Years Ago Are Waking Up In a new CryptoQuant Quicktake post, analyst Maartunn has talked about a pattern forming in Bitcoin that looks similar to what happened back in 2021, during the last bull run The indicator of interest here is the amount of Bitcoin being moved on the blockchain that was dormant since at least ten years ago before the transaction took place.

2023-12-6 03:00


Secret Bitcoin Accumulation by $57 Trillion Titans: Next Bull Run to Shatter Records?

Bitcoin is displaying unprecedented behavior that could redefine the next bull run, suggests a Twitter analyst Satoshi (@satoshimoneybtc). The crypto maven, known for his in-depth technical analysis and foresight, posted a thread highlighting three phenomena Bitcoin is exhibiting for the first time in its 14-year existence: record-breaking hash rates, a decline in supply availability, and […] The post Secret Bitcoin Accumulation by $57 Trillion Titans: Next Bull Run to Shatter Records? appeared first on CaptainAltcoin.

2023-7-14 10:21


Фото:

CryptoWhale Warns Against The Crippling Effect Of Bitcoin’s Current Bull Run

Buying Bitcoin during a bull run has been a constant topic of debate among crypto-traders and investors. As market sentiments collide, the result has been evident in these numerous “hot takes,” circulating around the market’s ecosystem, the larger part of the community is evidently keying into the current Bitcoin bull run, that has now propelled […]

2020-11-3 13:46