A recent observation in the cryptocurrency market suggests that Bitcoin may be entering the early stages of a bull run. According to CoinTelegraph, a decline in the share of Bitcoin’s realized capitalization held by coins that have remained unmoved for 18 months or longer is a key indicator of this shift.
This trend implies that long-term holders are starting to move their coins, which often precedes upward price momentum. Such behavior typically signals increased market activity and growing investor confidence, factors that are commonly associated with the start of a bullish phase.
For Japanese investors, who have shown increasing interest in crypto alongside traditional FX and equities markets, monitoring these on-chain metrics could provide valuable insights into Bitcoin’s next market cycle.