Telegram channel "The Bull" — @thebull_crypto

The Bull

11 Dec, 17:30

Buying $EIGEN here!

Price discovery is in.

6.4k 0 43 1

The Bull

11 Dec, 14:36

I can smell $ORDI pump

17.1k 0 30 173

The Bull

11 Dec, 14:22

$IO is taking off 🚀

17.3k 0 10 101

The Bull

11 Dec, 13:18

$ORDI Buy Setup

20.9k 0 99 199

The Bull

11 Dec, 11:40

AnimatedSticker.tgs

18.2Kb

25k 0 6 126

The Bull

11 Dec, 11:23

$TOKEN will do something special 👀

23.5k 0 12 77

The Bull

11 Dec, 04:46

I'm currently 30% exposed to the market and only in spot

If you're overleveraged I recommend to cut it off or reduce margin during high volatility, stay in spot is more safe

33.7k 0 23 223

Bitcoin’s market cycles are marked by a gradual transition of wealth from long-term holders to short-term holders. This dynamic is playing out similarly in the current cycle but with additional nuances due to the influence of spot ETFs:

As long-term holders are typically defined as those holding Bitcoin for at least 155 days, many early ETF-driven buyers now fall into this category.

🔹 Spot ETF buyers, who began accumulating heavily early in the year, swelled the 6-12 month cohort to 25% by August. Since October, this group has reduced to 16%, possibly due profit-taking by these newer market participants.

🔹 A more concerning trend is the decline in the 1-2 year and 2-3 year cohorts, which represent seasoned holders who accumulated during the June-November 2022 market bottoming phase. Their distribution suggests we are transitioning toward the later stages of the cycle.

🔹 Holders from the 3-5 year cohort remain relatively stable at ~13.9%, indicating that these holders don’t yet seem incentivized to sell.

#glassnode