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
1
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
SOL Price Dropped 13% This Week Amid Milei Meme Coin Rugpull: What’s Next?
CryptoNews•2025/02/24 00:22

Pi Network (PI) Bounces Back with 100% Rally– What’s Next for the Price?
CoinsProbe•2025/02/23 16:44

VET and IOTA Testing Key Support Amid Corrections – Could a Bounce Trigger Breakouts?
CoinsProbe•2025/02/23 16:44

Helium (HNT) Holds Key Support: Can a Move Above This MA Trigger a Recovery?
CoinsProbe•2025/02/23 16:44

Trending news
MoreCrypto prices
More
Bitcoin
BTC
$95,763.41
-0.78%

Ethereum
ETH
$2,735.53
-0.68%

XRP
XRP
$2.51
-1.63%

Tether USDt
USDT
$1
+0.00%

BNB
BNB
$647.7
-2.88%

Solana
SOL
$162.17
-4.97%

USDC
USDC
$1.0000
-0.02%

Dogecoin
DOGE
$0.2317
-5.11%

Cardano
ADA
$0.7479
-2.82%

TRON
TRX
$0.2432
+0.78%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now