Parabolic Bitcoin Bull Run Likely After Dormant Coin Supply Peaks, Past Data Sug

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The view that bitcoin's (BTC) fate is closely tied to what the Federal Reserve (Fed) does has been widely discussed. As a result, most traders looking to time the next parabolic bull run are waiting for the world's most powerful central bank to declare victory over inflation and abandon liquidity tightening.
While the Fed decisions are undoubtedly important, indicators unrelated to macroeconomic factors and unique to the crypto market, like coin dormancy metrics, could be equally valuable in timing the next bull run.
"Dormant supply peaks are springboards for upwards price action," Nike Bhatia, author of the best-selling book Layered Money, and market analyst Joe Consorti wrote in the latest edition of The Bitcoin Layer newsletter.
Bhatia concluded that after noting bitcoin's tendency to chalk out sharp multi-month rallies after the percent of circulating supply inactive for at least a year has peaked.
As seen in the featured image, the percent of supply that was inactive for at least a year topped in January 2016 and the peak preceded a major 21-month bull run that saw prices rise from $450 to $20,000 – a staggering 4,340% rally. more info