Bitcoin Market Faces Stagnation As Long-Term Holders Dominate Amid Low Exchange Inflows

The Bitcoin market is currently in a phase of stagnation, with both demand and supply showing signs of slowing down.

Realized Cap, a key indicator of capital inflows and outflows, remains stagnant, highlighting minimal activity in the market.

The #Bitcoin market is currently experiencing a period of stagnation, with both demand and supply sides showing signs of inactivity. The market is characterized by minimal capital inflows and outflows, as the stagnant Realized Cap indicates.

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— glassnode (@glassnode) September 18, 2024

Long-term holders, a critical group for gauging market sentiment, now control approximately 12.6 million BTC. Recent data shows stabilization in this group, signaling a lack of movement in their holdings.

Long-term #Bitcoin holders are a crucial market signal. They currently hold ~12.6M BTC, and recent data suggests a stabilization.

Our latest idea on @tradingview dives deeper into the pattern