Bitcoin's 2024 halving cut daily sell pressure from $25M to $12.5M. This supply shock historically triggers 12-18 months of sustained uptrend. On-chain data shows 68% of BTC held for >1 year (near ATH). Long-term holders aren't selling—they're absorbing supply. MVRV Z-Score sits at 1.8. Historically, values below 7 signal accumulation zones. Current data suggests we're still in early adoption phase.
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The numbers don't lie: Bitcoin's 4-Year Cycle Is Here
BTC
88,331.49
+1.72%