Bitcoin (BTC) HODL wave highlights market cycle transition – details

Invezz.com – On-chain data shows () trades gradually transferring assets from experienced longer-term players to new market participants. That shows a transitioning market cycle. Glassnode confirmed that this is a common tendency amidst cycle inflection points.

Upcoming a bull market?

HODL Waves displays the amount of circulating Bitcoin supply categorized into varying age bands. That shows how different cohorts interact with their stash. Meanwhile, the cryptocurrency community believes a bull market could be underway.

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