Axel ๐๐ Adler Jr
@AxelAdlerJr
Stop guessing Bitcoin's next move
Daily on-chain brief: cycle phase, key levels, one clear read
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Joined November 2009
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Market snapshot in one infographic.
Long-term holders are reducing their positions and the market is absorbing the supply. LTH SOPR at 1.18 indicates profit-taking, but the price continues to rise.
In Morning Brief #272#, we examine the scale of these position reductions and the signal that would show demand can no longer keep up with supply. ๐
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