Short-term(less than 3m) holders are on their way again!
As I previously said it, each cycles have more than 2 waves of short-term holders. In this cycle, the 1st wave appeared in Apr 2024. Then, they had left the market during this summer. Recently, they're coming back 🤗 Welcome 😊
Compared to the past 2nd waves of short-term holders, the ratio is still under the 50%. That's the reason why I expect the last phase of this bullish market will last more.
Nevertheless, Kimchi premium, Korean premium for cryptos, is still negative, which means the crypto market is being led by not Koreans.
This is the 2nd reason why the crypto market has not entered the end of this cycle yet. However, people are still suspicious of cryptos. They don't know freaking hodling is better to make insane profits rather than buy and sell a lot. I've seen that kinda person in 2020 and 2021.
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