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Murphy
04-04
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Long-term holders become the key factor in suppressing BTC's reversal Typically during bull market pullbacks, BTC's price repeatedly challenges the STH-RPC - short-term holders' average turnover cost, currently at $93,000; since February this year, BTC has not seen a substantial rebound. It has either been a low-volatility sideways movement (such as 2/5-2/23) or rebounds falling short of expectations (such as 3/13-3/25). (Figure 1) twitter.com/Murphychen888/stat...

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