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Supply In Profit
As we method bitcoin value all-time highs, we’ll begin to see the share of circulating provide in revenue climb up to 100%. More importantly, we’ll see long-term holder provide climb to increased revenue ranges. Since long-term holders are driving the market with 81% of circulating provide, their profit-taking conduct is key to figuring out when the market could quiet down as value begins to rip up to new highs. Long-term holders realizing enormous earnings into earlier ATHs signaled the spot market cooling down as derivatives markets took over.
