What was said around it
Recently active coins moving means low dormcancy. Entity adjusted just means
that internal transfers by the same holders have been filtered out. Historically, when this ratio
falls below about 250,000, aka the green zone, it often signals a market bottom, meaning Bitcoin
is undervalued relative to dormant coin activity, and could rally soon. When it climbs back above
250,000 after a dip, it has often signaled a major bull run. Lo and behold, glass node data reveals
that BTC's dormcancy is currently around 133,000, well below the green zone. Naturally, this isn't
sustainable, suggesting a major upside breakout is imminent. The second indicator is short-term
holder nil, which is simpler to grasp. NLE, which stands for net unrealized profit or loss,
has just turned negative, meaning most short-term holders, those that have held BTC for fewer
than 155 days, are in the red. Historically, when short-term null capitulates, it often marks
a local bottom since nobody wants to sell BTC at a loss. The third indicator can be found on BTC's
chart. Recent price action has painted a double bottom. The technical analyst among you will know
that this typically signals that
What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.
