The commentators in the thread seem to have split into to camps – some showed solidarity with Davis, while the other half responded with ironic tweets, hinting that any person’s patience has limits.
This year, Davis reminded his army of followers, Bitcoin has demonstrated a 150% price surge, adding that “BRC-20 tokens are making massive gains.” The YouTuber hinted that this might be thanks to Bitcoin Ordinals, which are making a comeback.
A total of 70.1% of the Bitcoin supply has remained unmoved for more than one year; 57.4% of it has not been shifted for more than two years; 41.6% has stayed dormant for more than three years and, finally, 31.4% was last active more than five years ago, according to Glassnode’s fresh publication on X.
Santiment, apparently, expects that once bears sell enough Bitcoin, the flagship cryptocurrency will again reverse and resume moving in an uptrend.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
