It feels like either March 2020 or November 2021.
Let's compare the ratios between less than 3m short-term BTC(Bitcoin) holder and 3m-6m mid-term holder.
While less than 3m short-term holder ratio is increasing, 3m-6m mid-term holder ratio is decreasing 🤔 It's ironic. I've never seen it this cycle.
It looks like we're in either March 2020(COVID-19 Crash) or November 2021(2nd altseason Top).
If it's like March 2020, we're about to encounter the next 3rd altseason
If it's more like November 2021, we're done..
Which one is it?
Thank you for your analysis and insights. The content is very useful.
Excellent chat