The percentage of long-term Bitcoin holders has reached 74%, the highest level in 15 years.
According to ARK Invest, 74% of the Bitcoin supply has been held for more than 155 days, which strengthens the confidence in "digital gold".
At the same time, the momentum of the MVRV indicator is approaching zero. If the price fails to maintain its upward trend, there is a risk of reversal.
The dominance percentage is 65%, a level we haven't seen since late 2020, as Bitcoin leads the market amid the weak performance of alternative currencies $BTC
According to ARK Invest, 74% of the Bitcoin supply has been held for more than 155 days, which strengthens the confidence in "digital gold".
At the same time, the momentum of the MVRV indicator is approaching zero. If the price fails to maintain its upward trend, there is a risk of reversal.
The dominance percentage is 65%, a level we haven't seen since late 2020, as Bitcoin leads the market amid the weak performance of alternative currencies $BTC