Thanks for sharing! My point is that long-term holders are trending higher. Even if we exclude the 6m to 1y cohort, which includes some Coinbase noise, the trend still looks clear. I think the bear market may have a few more months left. It could last until late this year or early next year, imo.
Long-term holders are increasing despite Coinbase noise, with the bear market possibly lasting into late 2025 or early 2026.
LTH Relative Unrealized Loss peaked at 15% in early April. In prior deep bear markets, this metric exceeded 75%. Long-term holders have so far experienced a fraction of the stress seen at historical cycle lows, suggesting recent drawdown, while significant, did not test their conviction at the same
⚡️ INSIGHT: Bitcoin long-term holders experienced far less stress during the recent drawdown than in previous bear market bottoms, according to Glassnode. https://t.co/x3cXwC2cHE
Thanks for sharing! My point is that long-term holders are trending higher. Even if we exclude the 6m to 1y cohort, which includes some Coinbase noise, the trend still looks clear. I think the bear market may have a few more months left. It could last until late this year or early next year, imo.