Recently, I analyzed some on-chain data and discovered some interesting phenomena:
Data Source: Glassnode- Addresses holding 1000+ BTC: Increased by 47 in the past 30 days
- Exchange Balances: Continually flowing out, hitting a new low since 2018
- Long-term Holder Supply: Accounts for 76%, a historical high
- MVRV Ratio: Currently at 1.8, with room to reach the cycle top (3.5+)
Smart money is quietly accumulating, while retail investors are panic selling. This chip structure typically indicates that a major market movement is on the horizon.
Remember: Be greedy when others are fearful!
