Bitcoin price analysis sees ‘strong rally’ as old coins become dormant
A decline in the share of Bitcoin’s realized cap held by coins unmoved for 18 months or longer points to the ‘early stages’ of a bull market, analysis says.
Bitcoin's price is poised for a "strong rally" as dormant coins become less active, according to an analysis using onchain transaction data. A higher share of the coin realized cap, representing the total value of coins at the last onchain price movement, is held by coins that have been unmoved for 18 months or longer. This trend, which has been observed since mid-November 2024, suggests that a bull market may be starting.
CryptoQuant, the analytics platform, notes that this pattern of an 18-month-plus cohort's share of the realized cap rising and then declining has historically led to strong rallies. Investors holding coins for this long are becoming less active, which could be a sign of the market entering a new uptrend. CryptoQuant expects this bullish cycle to be in its early stages, with the market potentially still in the early stages of the cycle.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
