Bitcoin "ancient supply" turns dormant, indicating characteristics of a deep bear market bottom
BlockBeats news, on May 21, according to OnChainMind monitoring, Bitcoin's "ancient supply" (Revived Supply, referring to wallets held for 5 years, 7 years, and over 10 years) has ceased moving after becoming active during the ETF launch and high price ranges, resulting in historic silence.
Analysis indicates that this situation typically occurs at the bottom of a deep bear market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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