Signs we are still in a bull market and might see another ATH soon
Bullish signs that indicate BTC might hit another ATH sooner than we think
1- BTC total supply held by long term Holders
2- Total BTC supply on Coinbase down 31k in 2 weeks
3- Bitcoin on exchanges hits 2021 low
4- Bitcoin holder Net position change (30 Day)
5- 90.5% of BTC circulating supply is in Profit
6- Total Miner Revenue- Miners have earned more revenue in 2021 so far ($10.6 Billion) than 2019 & 2020 Combined ($9.73 Billion).
Even After China ban on miners
7- BTC supply on Exchange Huobi keeps declining
8- A country is going to adopt BTC as their legal currency for the first time in the history of BTC.
9- Golden Cross is coming mid September. Which is usually is an indicator of a bull market. (Lagging indicator)
10-Exchange balances are now the lowest they've been since late 2018.
-32,148 BTC ($1.6b) in the last week -46,624 BTC ($2.3b) in the last 2 weeks -138,841 BTC ($7b) in the last 5 weeks
11- Over 2.3Million of BTC supply hasn’t moved for 10 years.
Credits: Glassnode and Dylan lechair on Twitter for charts pics.