Analyst: Bitcoin Long-Term Holder Indicator Has Yet to Signal; Market May Still Be in Early Stage of Bull Cycle

深潮 TechFlow reported on Oct. 28 that analyst Crypto Dan said historically, when the proportion of Bitcoin held across the network for more than 18 months begins to decline after rising, a strong rally often follows. He believes the current market has entered a bullish cycle but remains in its early stages, and the above signal has not yet appeared. In addition, the crypto market is not yet overheated, and most investors remain in a wait-and-see mode, so the real uptrend may not have started yet.

Source: 深潮 TechFlow