Key Points:
- The Bitcoin HODLer Growth Rate indicator may be forming a pattern that suggests a bull run could be coming.
- HODLer Growth Rate tracks the 1-year growth in Bitcoin holdings of long-term holders.
- Long-term holders are less likely to sell as time goes on, making them influential in the market.
- During bear markets, HODLers continue to accumulate Bitcoin at a constant pace.
- As the bear market ends and a bull market begins, HODLers transition from accumulation to distribution.
Hot Take:
The Bitcoin HODLer Growth Rate reaching a plateau suggests that the market may be in the midst of a transition towards the next bull run. As long-term holders continue to accumulate Bitcoin during bear markets, their behavior can have significant implications for the rest of the market. Monitoring this indicator can provide insights into market trends and potential future price movements.
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