There's one $BTC chart I'm keeping a very close eye on right now, and it's probably not the one you're thinking of. It's called Revived Supply, and what it really highlights is the behavior of the most patient hands in the game.
Specifically, we're talking about coins that haven't moved in over five years. Right now, those incredibly old coins are just... sitting.
The long-term holders, often seen as 'whales' from previous cycles, have largely gone dormant again.
Historically, when we observe this kind of deep inactivity from the 5Y+ cohort, it's been a pretty reliable indicator. It usually suggests we're getting very, very close to the absolute bottom of a deep bear market.
This isn't about daily price swings; it's about the fundamental conviction of the oldest money in the system. It's a strong signal for $BTC, and often has implications across the wider crypto market, including majors like $ETH.
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