Top Highlights
-
Bullish Momentum: Bitcoin’s latest surge, nearing its all-time high, reflects changes in holder behavior, indicating a strong potential for further gains in the near term.
-
Younger Holdings: A decline in Bitcoin’s Mean Dollar Age from 441 to 429 days signals that older, dormant coins are being moved, historically linked with major bull runs.
-
Market Sentiment: Despite reaching an all-time high, profit-taking volume is significantly lower than past peaks, suggesting confidence among holders as short-term trading activity increases.
- Global Liquidity Trends: Bitcoin’s price movements are increasingly influenced by global M2 money supply trends, hinting at continued bullish potential as liquidity grows.
On-Chain Data Signals This Bitcoin Bull Run Is Just Getting Started
Bitcoin’s latest surge has sparked renewed excitement in the crypto space. As the cryptocurrency hovers near its all-time high, data signals changes in holder behavior. This indicates strong potential for further gains in the coming week.
Recent trends point to an “unprecedented” bull phase. Santiment’s analysis highlights a key signal: the Mean Dollar Age of Bitcoin holdings. This age reflects a younger average for coins in circulation. Historically, drops in this average align with major bull runs. Since April 16, the age fell from 441 to 429 days. As older coins re-enter circulation, they suggest a significant upward trend in the market.
Moreover, Glassnode’s insights reveal that, despite reaching an all-time high (ATH), realized profit-taking remains low. At only $1 billion, this amount stands significantly lower than the $2.10 billion witnessed when Bitcoin first crossed $100K in December 2024. This low profit-taking indicates increased conviction among holders.
Coin age distribution shows a shift in trader activity. Short-term traders, with BTC less than one month old, increased to 76.9%. In contrast, older assets over six months dropped to 13.4%. This stark difference suggests long-term holders are no longer distributing coins, leading to stronger market confidence.
Additionally, Bitcoin’s correlation with the global M2 money supply is growing. CryptoRank’s data positions Bitcoin as the fifth-largest asset by market cap. It mirrors liquidity patterns seen in the broader economy. The chart’s ten-week forward projection of M2 serves as a leading indicator for Bitcoin’s price. This data suggests consistent upside for the cryptocurrency as global liquidity expands.
As Bitcoin continues its ascent, investors are keenly watching these developments. This bull run may not just be a fleeting moment in crypto history. Instead, it could signal a broader shift towards mainstream acceptance and usability, marking a pivotal moment for technology in finance.
Stay Ahead with the Latest Tech Trends
Learn how the Internet of Things (IoT) is transforming everyday life.
Access comprehensive resources on technology by visiting Wikipedia.
Disclaimer
This content is for informational and entertainment purposes only and does not constitute financial or investment advice. Cryptocurrency is highly speculative and carries significant risk, including the potential loss of your entire investment. Do not make financial decisions based on this information. Consult a licensed financial advisor before investing. This site does not offer, sell, or advise on cryptocurrency, securities or other regulated financial products in compliance with SEC and applicable laws. Please do your own research and seek professional advise.
CryptoV1
