The Bullrun 2016/2017 was arguably the most legendary and breathtaking rally the crypto space has ever seen. At that time, the bitcoin price shot from $ 434.88 on January 1, 2016 to $ 20,089 on December 17, 2017 over a period of almost 2 years. This increase of 4,500% is likely to still be very much for most “old-established” crypto fans be well remembered.
Even now, after the crypto winter 2018 and the ups and downs in 2019 and 2020, many are finally hoping for better times in which the Bitcoin course will reach new heights again. Nobody can predict exactly when this will happen. However, you can use various technical and fundamental indicators to help you.
BTC Hodler are increasing rapidly
The indicator, which now sends the same signal as before the Bitcoin course Bullrun 2016/2017, is a fundamental indicator. Glassnode has christened this “Supply Last Active” and it measures what percentage of Bitcoin supply has not been moved for more than 1 year, more than 2 years or even more than 3 years.In its new On-Chain Analysis Report, Glassnode now says that the number of people who keep their BTCs at a new all-time high for the long term can be very bullish for the Bitcoin rate in the long run.Specifically, according to Glassnode, 61.33% of the BTC offer had not been moved for 1 year or more, which corresponds to a new all-time high.