Short-Term Holders, investors who bought their coins within the past few months, currently hold 3 million #BTC.
This is a historically low level, and one that hasn’t been seen since August 2020.
Live chart: https://t.co/zqle3IwZ63
✅ 13 years ago, on January 12, the first transaction of 10 BTC was made.
This transaction was the only operation that was carried out by the creator of bitcoin himself.
Like the previous 2 halving cycles, #Bitcoin:
✅ Made its first local high with 2W RVI > 90
✅ Saw resistance near the cycle log 1.618
✅ Found support near the cycle log 1.472
All while making higher lows on a weekly closing basis.
2012 accumulated around .618 before taking off. 2020 too, just longer.
2013 had a blowoff at 1.618 before its crash. 2021 rounded off at it.
2013 bounced right off 1.272. 2021 took weeks.
2013 bounced right off 1.472. 2021 is taking weeks.
Watching for any deviation.