crypto sunmoon
Keep an eye on exchange deposits of Bitcoin held for 18 months to 3 years
The small bull market that occurred in 2019 ended when long-term holders who bought at the 2017-2018 highs deposited a large amount of Bitcoin into exchanges. We believe that this small bull market will end when long-term holders who bought at the 2021 highs start to deposit on exchanges. Keep an eye on exchange deposits of Bitcoin held for 18 months to 3 years. Fortunately, there is no sign of a sell-off from long-term holders yet.