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🚨 Bitcoin's long term holders are capitulating again. And every time, it marked a bottom. This indicator tracks the % of long term holders sitting in profit. Below 65%, bear market bottoms start to form. Every single time it hit this level, it was a capitulation bottom. 2015, 2019,... show more

CryptoGoos

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In all the previous bear markets, every time $BTC went below the weekly 200 EMA, you would’ve got a killer entry for the next bullrun. It happened during the 2019 bear market, the Covid crash, and the FTX collapse, And now we’ve just had 3 weekly wicks below it. If you’re a long term investor, we’re getting to the point where you gotta start paying attention to the market:

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