Bitcoin LTHs close to lowest level in selling, indication of bullish momentum, says analyst

In a recent update on X, crypto analyst Axel Adler Jr. noted that Bitcoin long-term holders (LTHs) are currently approaching their lowest level in selling. Historically, there have been four similar instances in the past, three of which resulted in Bitcoin gains ranging from 18% to 25% within the next six to eight weeks. Consequently, the analyst expects this cycle to follow a similar pattern. In the meantime, key on-chain metrics such as Coin Days Destroyed (CDD) and Market Value to Realized Value (MVRV) are also showing continued bullish signals for Bitcoin, according to the post.