Bitcoin 'supercycle' - longer & stronger?

[Condorlaib]

I suppose we have great prerequisites to expect quite large results of the bitcoin rate during this year, compared to what we see today. many analysts are discussing from $ 150,000 to $ 300,000 per bitcoin, and within 10 years it is quite possible a million dollars.

[Ferki]

Many major investors have sold large amounts of Bitcoin in the last few days and that did not do that much damage to the price.
Because new big investors are still buying bitcoin dips.
There have been great movements by the holders since 2010-2013, but there is still no crash.
Data from CryptoQuant illustrates this and suggests that the sell-off was very likely to have been triggered by large investors who took profits.



In addition, stablecoin inflows into crypto exchanges have slowed. Since Bitcoin hit its all-time high of $ 58,641, the stablecoin available on crypto exchanges has fallen significantly.



However, it can already be seen that the two on-chain indicators have moved in bullish or at least more neutral directions again. Because of this, it is unlikely to see another big BTC sell-off in the next few days. Nevertheless, one should keep an eye on the two indicators.