Prominent trader: Bitcoin's historical bottom signal re-emergence, or still a few months to complete. Bottom

On 12 August, a well-known trader, Doctor Profit, wrote that a Bitcoin historical indicator was sending a signal that "the bottom was already present or very close." In 2015, 2019 and 2022, the bottom stage of the bear market was formed from 3 to 6 months after the realization of the price by the holder of 1 to 2 years after the realization of the price. In its view, this means that newer buyers surrender in loss and sell, and that bitcoin is gradually transferred to longer-term holders. This intersection is now taking place for the fourth time, while BTC prices are below the average cost for both categories of holders. However, this signal has not been immediately inverted in history, and Bitcoin usually goes through months to complete the bottoming, so this phase can also be considered a long-term accumulation. He considers that he is currently in the process of forming and long-term accumulation at the bottom of the bear market. Doctor Profit indicates that it has purchased BTC in bulk over the past few weeks between $54,000 and $64,000 and continues to build the warehouse in a gradual manner of 5% of each。