Part 7/14:
Data from crypto analytics firm Crypto Quant indicates that long-term holders are currently in profit, suggesting a sustained bull market. The Soer ratio—a measure of profit or loss among long-term investors—is around 2.82, implying most investors are not capitulating but still accumulating or holding.
This counters narratives predicting a market bottom or impending crash. Instead, the data hints at ongoing market strength, with investors exhibiting resilience and confidence for a multi-year bullish trend. Historical instances of capitulation, identified by specific metrics, are not currently present, further supporting this optimistic outlook.