Blockchain investigators have employed a neat method for analyzing Bitcoin activity to determine at what point long-term holders typically yield and sell their Bitcoin. Delphi Digital, an independent research boutique specializing in the digital asset market, has studied Bitcoin transaction data and market prices, calculating that Bitcoin investors are (for the most part) done with their selling.

This indicates the start of an accumulation phase that might replicate cycles from way back in 2014, when the price fell from $1,000 to less than $200 as a result of a year-long bear market. “In its simplest form, it’s a method to understand…

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