Analyst: As the Bitcoin LTH/STH holding ratio continues to rise, a one-sided bullish trend may be approaching

ChainCatcher news, CryptoQuant analyst Axel posted on social media that during this bull run, Bitcoin has seen three significant price increases, with long-term holders (LTH) consistently accumulating before strong price surges.

The first occurrence of this phenomenon was around the $28,000 mark: after 1-2 months of increasing LTH relative to short-term holders (STH), it ultimately pushed the price to break through to $60,000.

The second similar accumulation happened during the $60,000 consolidation phase, and this accumulation provided momentum for the subsequent rise to $100,000.

Now at the critical price level of $100,000, a continuous increase in the LTH/STH holding ratio has been observed again: this accumulation phase may last for 4-8 weeks, and based on the patterns of the previous two cycles, a strong upward trend is likely to follow. If a more conservative multiplier of 1.6 is used for estimation, the target range for the next upward movement will point to $160,000.