Long-Term Holders Selling Crypto: End of Bear Market?

Long-term holders are putting their coins up for sale more regularly.
This leading indicator forecasts the occurrence of local highs and lows.
People have a pessimistic attitude regarding Joaowedson’s post.

According to the most current analysis from Cryptoquant data, long-term holders are putting their coins up for sale more regularly. The analytics company claims that the last time anything like this occurred was in the year 2021.

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This has been shown by the Average Dormancy indicator, which calculates the average number of days that have passed since a coin first became part of the portfolio until it is considered dormant again.

When long-term holders shift their coins or maybe sell them, it indicates probable price reductions, which causes the value of the currency to climb.

In addition, the performance of this indicator has a direct impact on the NVT Golden Cross. This is a signal indicating that is analogous to the Bollinger band. This leading indicator forecasts the occurrence of local highs and lows. It provides traders with the information they need to decide whether to go short or long in the market.

The circulation of older Bitcoins marked a turning moment in history, signaling the conclusion of the bear market and the beginning of the accumulation process again. However, in the near future, Cryptoaquant forecasts that there will be an uptick in volatility over the next few weeks, as well as the potential of a new bottom.

On the other hand, people have a pessimistic attitude regarding Joaowedson’s post, and some have even followed the opposing side. While just 21 percent of those polled are positive about Cryptoquant claims, 79 percent of respondents are pessimistic about the article.

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Godfrey Mwirigi

Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.