Bitcoin Analysts Predict Potential Expansion Phase

A recent analysis by CryptoZeno suggests that long-term Bitcoin holders may be signaling the start of a major expansion phase, potentially leading to a new bull run.

The 1Y+ Long Term Holder metric has fallen into an 'oversold' accumulation zone, similar to previous instances before explosive upward cycles. This metric has historically preceded significant price increases in Bitcoin, including in 2013, 2016, and 2019.

According to CryptoZeno, every time the 1Y+ Long Term Holder metric falls into this 'oversold' zone, Bitcoin enters a new phase of macro markup with aggressive expansion of liquidity. However, it's essential to note that past instances took several months before triggering a price rise.