Different color lines represent different time periods over which this average has been taken:
Green line: 1 year
Orange line: 2 years
Purple line: 3 years
Blue line: 4 years
Red line: 5 years
As seen in the chart, the daily change in available supply shows a general trend of decline, indicating an increasing holding mentality among Bitcoin owners🚀. Periods when the lines go up represent times when more Bitcoin becomes liquid (available).
This could indicate increased selling pressure or less HODL behavior. Conversely, when the lines decrease, it signifies a reduction in available supply, pointing to strong HODL behavior among Bitcoin owners.
When various timelines intersect, this can indicate a trend shift. This shift is noteworthy as it reveals that the holders of the illiquid BTC supply are selling/buying. They tend to be more discerning and less susceptible to FUD (Fear, Uncertainty, Doubt). #Bitcoin
In the coming weeks, I'll continue to search for intriguing data and delve deeper into the charts I've already shared. Stay Tuned!
For additional insights, follow therationalroot (npub1r00…sqe8) for valuable data.
