HomeUncategorizedBitcoin spending copies history as metric flags ‘1st stage bull market’ By Cointelegraph

Bitcoin spending copies history as metric flags ‘1st stage bull market’ By Cointelegraph

July 15, 2023

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(BTC) long-term holders are coming back to life as BTC price increases, the latest analysis confirms.

In a tweet on July 13, Philip Swift, creator of on-chain data resource LookIntoBitcoin, revealed classic bull market behavior among “older” BTC investors.

Bitcoin VDD Multiple annotated chart. Source: Philip Swift/Twitter
Bitcoin LTH, STH MVRV vs. chart. Source: Glassnode