Bullish? The offer shock quota of long-term liners reaches new highs

Bullish? The offer shock quota of long-term liners reaches new highs

The Bitcoin Long-Term Holder Supply Shock Ratio has reached its highest level in years, on-chain data. Historical comparisons show that this could mean that the course of the cryptocurrency could soon go up again.

LTH-supply shock

Citing data from the analysis company Glassnode recently the popular crypto strategist will clement sketched The significant trend reversal of the long-term owners and their behavior towards the primary cryptocurrency.

This coincides with numerous earlier reports Investors who are normally considered those who refuse to sell their coins for a year or more, have kept their BTC shares even in times of increased volatility.

Bit shock rate for Bitcoin long-term owners. Glassnode

The Metrik-Long-Term Holder Supply Shock-essentially takes into account the coins that have not moved for a long time. As a result, they are considered not available and are considered to be available compared to the recently transferred tokens.

As the above graphic shows, the LTH Supply Shock Ratio has been shot up since the middle of this year and is currently at a record level. Clemente described this as a widely bullish signal that has served as a catalyst for Bull Runs in the past.

"Every time the key figure has reached the upper limit of the highlighted green area, we have experienced a significant increase in price in the coming months."

$ 100,000?

of the cryptocurrency community has never been missing from predicting where the price of BTC will be at the end of a certain year. However, it seems that the next few months, i.e. at the end of 2021, are particularly discussed.

The number of people who predicted $ 100,000 per forecast Coin Prize until December 31st includes the CEO of Chainalysis, Interestingly, this is also the same price that the popular stock-to-flow model imagines. By describing the inventory as the size of the existing reserves (inventory) and the river as the annual range of bitcoins, the S2F and its variations see that Bitcoin will move in the six -digit range in the coming months.

Even that of the Creator Worst-Case-Szenario , which is more bear than the S2F, predicts that BTC will finally exceed the $ 100,000 mark in December of this year.

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