joaowedson
End of bear market - Long-term holders selling their coins
Long-term holders are moving their coins to sales again more frequently. Last time this happened was in 2021. The Average Dormancy indicator measures the average number of destroyed days coins have moved since their entry into the portfolio. Its value increases when long-term holders move or possibly sell their coins indicating possible price drops. The behavior of this indicator has a direct influence on the NVT Golden Cross which is a signal indicator similar to the bollinger band. This leading indicator predicts the appearances of local tops and bottoms, which helps traders to take their short or long positions. Movement of old Bitcoins pointed in history as the end of the bear market and a return in the accumulation process. But in the short term I am expecting an increase in volatility for the coming weeks and the possibility of a new bottom.