Cryptocurrency analysis company Alphractal pointed out remarkable on-chain movements in the Bitcoin market in its latest assessment.
According to the company, after the recent price increase, Short-Term Investors (STH) stopped saving and started distributing their coins. According to Alphractal, the decline in STH supply historically indicates that Bitcoin is approaching major cycle peaks. As the price rises, slowing demand and increasing selling pressure are classic signs of a bull market approaching its end.
Currently, the STH Realized Price is at $94,500. This level is considered the last support point for short-term investors before they lose again. On the other hand, the Realized Price of Long-Term Investors (LTH) has reached $33,000 and continues to rise.
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Alphractal also shared an interesting onchain observation: “Whenever the STH Realized Price broke above the LTH Realized Price, it signaled the start of a new bull market.” Alphractal reminds us that despite the selling tendency of short-term investors, Bitcoin was able to reach all-time highs in a similar environment in 2021. However, according to the company, current macro onchain signals and symmetry in the halving cycle indicate that a significant market correction may begin after October 2025.
*This is not investment advice.