Publikovat

🟠 A potential signal for Bitcoin's next rally may be emerging. Historically, Bitcoin bull markets have often unfolded in phases. Long-term holders (LTHs) gradually distribute part of their holdings into strength, then rebuild positions during corrections before the next major advance. 📊 In previous cycles: • The first rally was accompanied by measured profit-taking from LTHs. • During the following pullback, LTHs accumulated aggressively. • Once accumulation slowed and supply held by LTHs began to decline again, the second—and often stronger—rally followed. This cycle has looked different. The initial uptrend began in January 2023 and extended through late 2025, with LTHs actively buying and selling throughout the move. During subsequent corrections, they accumulated Bitcoin at a pace that exceeded their distribution. Now, that accumulation trend appears to have paused, and LTH-held supply has started to decline. 📈 Previous cycles saw the second rally begin roughly 8 months (2013), 17 months (2017), and 16 months (2021) after the first. This time, the timeline has stretched much longer—likely influenced by the launch of spot Bitcoin ETFs, continued institutional inflows, and sustained buying from new large holders. 💡 The key takeaway: Long-term holders still control the largest amount of Bitcoin on record, and if their supply is beginning to decline after a prolonged accumulation phase, it could signal the start of a new stage in the current market cycle. As always, on-chain signals should be considered alongside macroeconomic conditions and broader market trends. $BTC #FedSplitGoesPublic #BigTechEarningsWatch #PalantirBeatAndRaise