CryptoQuant Founder: Bitcoin Indicator Nearing 'Bottom,' Short-Term Holders Transitioning to Long-Term Hodlers

BlockBeats News, June 4th, CryptoQuant founder Ki Young Ju posted on social media today, noting that two years ago and now, the price of Bitcoin was the same, but one thing has changed. The "6-month to 2-year" holder group who entered this cycle currently holds 53% of the realized market cap, compared to only 15% two years ago. In the previous cycle, Bitcoin bottomed out when this proportion reached 68%.

Currently, short-term holders are gradually transitioning to long-term holders.