Selling pressure on $BTC is easing as an accumulation trend reappear, potentially paving the way for a recovery after the drop from the October high of $126,000.
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🔹 BTC Sharpe Ratio has reached a historical level similar to the pre 2021 cycle. If history repeat itself, BTC could see an 8 month bullish window before returning to high risk territory.
🔸 Exchange reserves have fallen to 2.7 million BTC. Notably, Wholecoiner (>1 BTC) inflow into Binance have dropped to their lowest average of the year at 6,500 BTC, suggesting large holder are unwilling to sell.
🔹 Netflow data confirm the shift, with $1.39 billion accumulated last week a 3 week high. Meanwhile, Binary CDD has fallen to 0, confirming that long term investor remain dormant and are not liquidating assets.
With long term investor holding their position and reserves dwindling, is the market quietly preparing for the next bull run?
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