Bitcoin Realized-Cap Trend Points to Early Bull Market, Analysis Says
Edited by Steinar Vigdel Kolnes, Editor, Oslo
A falling share of Bitcoin’s realized capitalization tied to coins idle for at least 18 months may signal an early bull market, according to analysis cited by Cointelegraph.
Analysis reported by Cointelegraph suggests Bitcoin could be in the opening phase of a bull market, based on a shift in the contribution of older coins to its realized capitalization.
The indicator tracks the share of realized capitalization associated with bitcoin that has not moved for 18 months or more. That share has declined, according to the report.
The analysis interprets the change as a potentially bullish signal and sees scope for a substantial rally, though the indicator alone does not establish where Bitcoin’s price will move next.
Source: Cointelegraph
