🤑 BTC. Accumulation in different groups
Blockchain indicator for determining market cycles: balance based on temporary fluctuations.
It divides BTC holders into three groups based on the duration of their holding. This indicator offers insight into market behavior and sentiment.
Long-term holder accumulation has slowed over the last 3 months compared to the previous 12 months.
Medium-term holders are showing an increase in BTC balance.
Traders continue to reduce their BTC balances, in line with cautious sentiment, although at a slower rate than last year.
Contrasting trends between long-term accumulation and medium-term holder activity suggest that the market is in a transitional market phase.$BTC #USTC