Bitcoin hits $103K, but long-term holders still unconvinced – Why?
Long-Term Holder NUPL stayed flat at 0.69 despite Bitcoin rallying from $85K to over $103K, reflecting muted conviction. Stock-to-Flow Ratio surged 116.67% post-halving to 43.5K, deepening Bitcoin’s scarcity narrative. Bitcoin’s [BTC] long-term holder NUPL has returned to 0.69—identical to the 1st of April levels—despite BTC rising from $85K to $102K during that time. In other … Read more