Let's take a look at Realized Cap Hodl Waves again 🤔
As I previously told you, I think this BTC(Bitcoin) on-chain data is as reliable as others, such as MVRV Z Score, NUPL, etc.
Anyways, it's been a long time, since I checked it several months ago. In this cycle, less than 1m BTC holder ratio failed to increase more than 50% on the second increase. What a shame 🥲
Even though it failed, I think we have one more less than 1m BTC holder wave left. As you see the chart, when the ratio surpassed 50% for the first time in each cycle, BTC price wasn't ATH(All Time High). However, I think the timing is good to sell cryptos for the first time.
So, my investment strategy is also to secure cash ratio when less than 1m BTC holder ratio surpasses 50%. Then, I'll never invest cryptos again, which means my investment portfolio will be diversified. Then, I'll wait for the last wave to exit the market.
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