Bitcoin Holder Ratio Hints at What’s Next
Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals for the best automated trades – https://telegram.me/binancefuturesignal Wedson found that realized capital is increasingly concentrated among long-term holders while short-term speculative participation remains relatively low. Bitcoin dipped below $63,000 yesterday ahead of the FOMC meeting today but has recovered well over a grand since then. Prominent analyst Joao Wedson identified on-chain data that suggests BTC is nearing a historically significant accumulation zone. Long-Term Holders Take Control In his latest tweet, Wedson explained that he divided the Long-Term Holder Realized Cap by the Short-Term Holder Realized Cap to track where the market’s realized capital is concentrated. According to the Alphractal founder, Bitcoin formed major price bottoms on two previous occasions when this ratio moved above 4. The metric currently stands at 3.9, which mea...