Analyst: Bitcoin LTH/STH holding ratio continues to rise, or there will be another unilateral rise

Planet Daily News: CryptoQuant analyst AXEL wrote that in the three major Bitcoin price surges of this bull market, long-term holders (LTH) have consistently been accumulating before significant price increases. The first occurrence was near the $28,000 mark: after 1-2 months of LTH increasing their holdings relative to short-term holders (STH), the price ultimately broke through to $60,000. The second similar accumulation happened during the $60,000 consolidation phase, which provided momentum for the subsequent rise to $100,000. Now at the critical $100,000 level, the LTH/STH holding ratio is again showing continuous growth: this accumulation phase may last 4-8 weeks, and following the patterns of the previous two cycles, a strong price increase is likely to follow. Using a conservative 1.6x multiplier, the next price target range would point to $160,000.