Monitoring Indicators for a Bitcoin Bull Run Resumption: A Journalist's Perspective

Quick Summary:

According to Santiment, this has been the case for the premier cryptocurrency in the current bull run, which kicked off in late October 2023.  The on-chain analytics platform, however, noted that Bitcoin’s Mean Dollar Invested Age line has been moving sideways over the past couple of weeks.

Related Reading: Cardano (ADA) Prints Undeniable Bull Run’ Signal: Crypto Analyst According to Santiment, the Mean Dollar Invested Age metric tracks the average age of investment in an asset that has sat in the same wallet.

This "falling line” also suggests an increase in network activity.   A chart showing Bitcoin's Mean Dollar Invested Age | Source: Santiment/X From a historical perspective, Bitcoin exhibited a falling Mean Dollar Invested Age line during the previous bull cycles.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets: United Kingdom

Topics: Btc price Bitcoin Bitcoin price BTCUSDT Bitcoin Btc Santiment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-13 @ 11:00:30 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 415 words

Reading Time: 3 minutes read

Sentences: 41 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 20676860

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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Year Established: 2013

Headquarters: United Kingdom

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