AxelAdlerJr2025-03-29

Experienced players have transitioned into the coin accumulation phase

During this bull cycle, we observed four distinct phases of coin accumulation by seasoned players - in January and October 2023, in October 2024, and during the final macro phase in March 2025. These phases are indicated by blue circles on the chart. Likewise, we identified four peaks of sales by these experienced participants, occurring in January, April, July, and culminating in March 2025, as marked by red circles. The current phase is characterized by the following parameters: 1. Seasoned market participants, who previously engaged in active selling at local peaks (denoted by red circles), have now shifted their strategy toward holding and accumulating positions. This is reflected in the minimal level of the Value Days Destroyed (VDD) indicator, as shown by the fourth blue circle (March 2025). 2. The absence of significant selling in the current phase demonstrates the confidence of these experienced players that the current BTC price level is not favorable for profit-taking. 3. Historical trends reveal that periods of low VDD (highlighted by blue circles) have preceded price increases, as seasoned players tend to accumulate coins in anticipation of the next upward movement. Conclusions: The transition of experienced players into a holding (accumulation) phase signals the potential for further BTC growth in the medium term. Follow my channel on X https://x.com/axeladlerjr, where I provide daily analyses of the premier cryptocurrency. Also, consider subscribing to my Substack https://adlerscryptoinsights.substack.com, where you will find a weekly in-depth analysis of Bitcoin. AAJ