On-chain data on glassnode shows:
Shocking bitcoin supply on centralized exchange, less and fewer bitcoins are stored and traded on CEX exchange.
The number of holders from 1-10 BTC has increased a lot (orange line) in the past 2 weeks.
The market has endured more than 4 months of decline, are we preparing for a new bullish season?
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Well, the chart indicates something that might happen someday however, we can't be 100% sure about it. Yes, we can assume a market surge and a new ATH. Perhaps, the market is slowly moving upward, and it looks like we are moving now to the bullish side. Actually, I could really feel it as the market sentiment showed such a continuous increase compared to last week.
are we preparing for a new bullish season?
I guess we think have to miss buying this time as bullish will never tell us when it comes.