Bitcoin’s Bull Run: Is It Time to Buy a Yacht? 🚀💰

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So, Bitcoin has decided to throw a party, and guess what? Everyone’s invited! 🎉 The latest surge has crypto enthusiasts buzzing like bees in a flower shop.

As our beloved cryptocurrency flirts with its all-time high (again, because why not?), new data is suggesting that Bitcoin holders are behaving like teenagers at a prom—excited and ready to dance! 💃🕺

Bitcoin Enters “Unprecedented” Bull Phase

According to Santiment’s latest tweet (yes, the one that sounds like a fancy dessert), an important on-chain signal is the declining Mean Dollar Age of Bitcoin holdings. In layman’s terms, the coins are getting younger, and we all know what that means—more fun! 🎈

Over the past five years, we’ve had three major bull runs, and guess what? Each time, the average age of held BTC dropped faster than my willpower at a chocolate buffet. Since April 16th, this metric has plummeted from 441 days to 429 days. Looks like the whales are finally waking up from their long naps! 🐋💤

As these older coins re-enter the wild, it’s like a stampede of excitement, reinforcing the idea that we’re in an “unprecedented” bull phase. This could be the most significant moment in Bitcoin’s history—no pressure! 😅

And just to spice things up, Glassnode’s analysis revealed that despite Bitcoin’s ATH, the realized profit-taking volume was a mere $1 billion. That’s less than half of the $2.10 billion we saw when Bitcoin first crossed $100K in December 2024. Talk about a party pooper! 🎈💔

Bitcoin Climbs Global Asset Ranks

Coin age distribution shows that short-term traders are taking over like a new reality show. BTC less than a month old has skyrocketed to 76.9% from 44.6%, while the older coins are like that one friend who never leaves the couch—down to 13.4% from 24.7%. Long-term holders are clearly holding onto their coins like they’re the last slice of pizza! 🍕

CryptoRank’s latest data is revealing a growing macro correlation. Bitcoin’s price movements are starting to resemble trends in the global M2 money supply. Now the fifth-largest asset by market cap, Bitcoin is following liquidity patterns more closely than my cat follows a laser pointer! 🐱💡

The chart includes a 10-week forward projection of M2, which has historically been a leading indicator for the cryptocurrency. This suggests that changes in global liquidity are like the opening act before Bitcoin’s price takes the stage. With the current M2 forecast pointing to continued growth, we might just be in for a wild ride! 🎢

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2025-05-23 19:27