The ratio of less than 3m BTC short-term holders is increasing again 🤔

It seems that retail investors are coming back 🧐 For now, I can't judge whether it is a temporary phenomenon or not. Time will prove it. Anyways, it's better than not interests of them.

I think this wave will likely be the last wave of this cycle. Take a look at the past data again. Each cycle, when BTC(Bitcoin) price recorded a new ATH(All Time High), the ratio of less than 3m BTC short-term holders surpassed 80%.

This cycle, the ratio top was around 60%. That's the reason why I think the last wave is on the way.