In recent news, data CryptoQuant records the shift between long-term holders and new buyers. This method of determining the approximate start of a new bull market should be considered very useful, especially for long-term investments with high ROI.
On-chain data shows that now is the time to invest in the future with high ROI https://t.co/UX3b4C9HWW
— Kyptos (@azcoinnews) March 26, 2023
The data shows a downtrend until the intersection between (6-12 months and 12-18 months) as long-term storage of Bitcoin accumulates over time. This development can be attributed to two reasons.
Source: CryptoQuant
First, the coins were diverted to an older crowd, which meant no sales. Second, these coins are transferred to a younger age group, meaning already circulating in the supply, making the lifetime timer start from one day.
Source: CryptoQuant
When the number of stored coins drops rapidly for a given period (6-18 months), based on historical data, it is a good indication that there is an undervalued market.
Source: CryptoQuant
This is the period when these tokens are being transferred to the younger cohort, which means that some people are accumulating future investments, especially since the younger cohort has increased significantly in the months leading up to the new bull market.
Right now we are in an undervalued phase and it is a great time to invest in the future and get a good ROI. The switch between long-term holders and new buyers indicates that the market may change, and investors should pay attention to these data in order to make an informed decision on their investment.
Overall, CryptoQuant’s data underscores the importance of keeping a close eye on the market and being aware of the latest trends and changes. Switching between long-term holders and new buyers is just one example of how data can be used to make informed investment decisions, a useful tool for those looking to invest in the currency markets. electronic.
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according to Kyptos
