Long-term holders are beginning to move their coins again on the chain. This behavior has historically marked advanced stages of the bullish cycle of bitcoin.
📈 However, the price remains above the on-chain cost models, which historically has indicated that there is still room before the peak of euphoria.
🧠 In 2017 and 2021, even with similar signals, the price continued its rise for months.
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Long-term holders are beginning to move their coins again on the chain. This behavior has historically marked advanced stages of the bullish cycle of bitcoin.
📈 However, the price remains above the on-chain cost models, which historically has indicated that there is still room before the peak of euphoria.
🧠 In 2017 and 2021, even with similar signals, the price continued its rise for months.
The cycle is not over