Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Old Bitcoin selling 👀 is declining. This chart is important.
It tracks the spending of #Bitcoin by holders of old coins — coins that have been dormant for more than 5 years.
At the beginning of this cycle, old coin holders were very active. The selling pressure from long-term holders exceeded that of the previous cycle, which makes sense. Institutions and governments entered strongly, and liquidity was available. That was the most suitable period to sell large quantities.
But look at what is happening now.
The selling of old coins at its local highs has started to decline.
The last peak price for ST.. XO was around 2300 #BTC ( 90-day average ).
Today, it is approaching 1000 Bitcoin.
The group with the shortest time preference is declining. Simply put, the supply no longer appears sufficient to cap the highs in the same way.
When the selling of old coins slows down while demand remains steady, the supply shrinks rapidly, and then movements usually surprise investors.
The decline in selling pressure on old coins, with more of them remaining in the market. This is a positive situation that most investors will only notice when the price forces them to.
#BTCUSDT
#BitcoinETFs
$BTC
$ETH
$GT