Bitcoin on-chain data shows that no bull market has reached $ 60k, sales are declining.
For the first time in (BTC) the market goes up, not just long-term investors but also the short-term speculators, who often exert additional daily selling pressure at the end of a market cycle, increasingly trust the higher price level as they hold their Bitcoin.
This only adds to the already existing supply shock. If demand remains strong, here is a formula for increasing the price of BTC.
Bitcoin sales are falling again
Reflecting the actual value in the HODL wave is very important
Bitcoin cycle peaks tend to form around the short-term activity peak
Bitcoin sales versus holding period is quite low
Bitcoin’s spending behavior versus its low market cap
This is Bitcoin rocket fuel
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