Bitcoin Cycle Confuses Long-Term Holders... "Different from Previous Trends"

Son Min

Summary

Even long-term holders are reportedly confused about the current position of the Bitcoin cycle.
Centora stated that in this Bitcoin cycle, the selling trend started earlier than in the past and is showing an inconsistent flow.
The symmetrical patterns of the past have disappeared, making it difficult for long-term holders to judge the cycle.

There is an opinion that even long-term holders are confused about the current position of Bitcoin (BTC) in the bullish cycle.

On the 26th (local time), Centora (formerly IntoTheBlock) stated on X (formerly Twitter), "Long-term holders tend to accumulate during bear markets and sell during bull markets," and "As a result, on-chain charts form a symmetrical bowl-shaped pattern."

However, it is pointed out that this cycle is showing a different pattern from the past. Centora analyzed, "This selling trend started much earlier than before and is showing an inconsistent flow. The symmetrical pattern seen in the past has disappeared," and "Even long-term holders are confused about the current position of the Bitcoin cycle."

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