BinhDang
Bitcoin's velocity is in a perfect state.
This morning, I took time to find out about BTC's Velocity (MA7), and I seemly get more signs of believing that BTC is just in the middle of the bull run (long term). Velocity: Measurement of the rate at which coins circulate in the economy (CQ's Description) Looking at all the previous bull runs, Bitcoin always got new ATHs after the velocity peaks. The most extreme distribution usually occurred later when the Velocity had already begun to decline below 50, and the bottom of the Velocity confirmed the bottom of the bear market. Going back to the current market, I see that the Velocity of BTC has increased sharply after being interrupted by the black swan, but there is no sign of the peak of this cycle; the current threshold is only equal to the beginning of 2017.