Bitcoin’s next rally might be boring, but it’s definitely bullish!
LTHs take the wheel
LTH place change has soared previous the 600,000 BTC mark for the primary time since September 2024; an aggressive accumulation part by traders with a long-term outlook. This transfer creates a sturdier market basis.
Supply: CryptoQuant
In distinction, STH exercise has remained muted. These weaker palms — usually susceptible to panic promoting — are largely absent, additional decreasing draw back volatility threat.
Are we getting into Bitcoin’s subsequent bullish leg?
With fewer cash sitting on exchanges and extra within the palms of LTHs, the sell-side stress seems restricted. Institutional flows and ETF inflows stay regular within the background, including additional help.
Whereas short-term volatility can’t be dominated out, the structural traits recommend that the trail of least resistance is upward.
As accumulation continues and provide tightens, market situations are aligning for a doubtlessly prolonged bull cycle.
