History almost always seems to repeat itself in every cycle, and the current dormancy condition could drive Bitcoin’s recovery. However, the U.S. market may not the main player responsible for the projected revival.The Bitcoin Supply-Adjusted Dormancy simply refers to the average time required for each Bitcoin to change hands, based on the last transfer of the specific BTC in question. Dormancy reaches peak values as more coins are issued and accumulated by the aggregate network.
Based on Yonsei’s analysis, there has been a rapid increase in dormancy lately, meaning that Short Term Holders are actively buying BTC from Long Term Holders .But that wasn’t the only point that the analyst was trying to make. For Yonsei, history almost always seems to repeat itself in every cycle, and this current dormancy condition could drive a BTC recovery.
Victor is a full-time journalist at AMBCrypto. Before his sojourn into the world of journalism, he was a “buy the top, sell the bottom” merchant while doubling as a sales funnel copywriter. Victor’s focus is the exciting on-chain landscape of the cryptocurrency market and its underlying technology. His other interests include politics, Afrobeats, sports, and marketing.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »