Bitcoin’s 10% weekly gain amid worrying US economic data shows crypto trader sentiment shift
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Bitcoin’s 7-day strength, coupled with the return of margin and spot traders, suggests a powerful rally is in the making.
A key Bitcoin (BTC) metric signaled a potential shift in its positioning after BTC’s long-term holder realized cap (LTH Realized Cap) surpassed $18 billion for the first time since September 2024. Data from CryptoQuant indicated that this cohort has exhibited aggressive accumulation, which previously marked the BTC bottom in Q3 2024.
The LTH realized cap measures the BTC cost basis of investors, holding their allocation for 155 days or more. A sharp increase hints that these long-term holders are in an accumulation phase, parallel with bullish behavior.
Bitcoin LTH net position realized cap. Source: CryptoQuant
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