And this time, it was clearly predictable

The graph below shows us the amount of $BTC held by Long Term Holders since the end of 2021 👇

These Long Term Holders are partly made up of Smart Money and Whales 🎯

And historically, they are the ones who make the most of the profits on the market!

We also see the price of BTC (black line) over the same time interval

⭐️ What do we notice?

We clearly see that these Holders sold absolutely nothing in 2023 👇

The year in which $BTC recorded a large part of its rise linked to the #Bitcoin ETF rumor

However, one element clearly stands out 👀

These Holders have 𝗺𝗮𝘀𝘀𝗶𝘃𝗲𝗺𝗲𝗻𝘁 𝗽𝗿𝗶𝘀𝘁 𝗱𝗲𝘀 𝗽𝗿𝗼𝗳𝗶𝘁𝘀 in early 2024 (~1M $BTC!)

This coincides perfectly with the acceptance of these famous ETFs ✅

Once again, the most popular adage of the financial markets has proven true be true:

“𝗕𝘂𝘆 𝘁𝗵𝗲 𝗥𝘂𝗺𝗼𝗿. 𝗦𝗲𝗹𝗹 𝘁𝗵𝗲 𝗡𝗲𝘄𝘀”

Well, now that we’ve seen that..

⭐️ What is the meaning of this word?

According to the chart, we are seeing a clear change in trend at the moment 👇

Indeed, LT Holders have been accumulating BTC again for a few weeks now.

They are taking advantage of the capitulation to buy at "discount prices" while the general public panics (Fear and Greed in the red zone) 🎯

Smart money accumulates when mass capitulates,

To conclure, we still have an element that leads us to think that the best is yet to come 🥇

It is obviously necessary to compare it with other relevant elements to complete the analysis..

And let's not forget to qualify the statement given the uncertain macroeconomic situation..

This is what I had to share with you today 👇

Curious to have your opinions on th,Oouis little analysis!

#MarketDownturn #CARVingTheFutureOfData

#BecomeCreator

Have a good week-end everyone 🔥