Blotienso

🔍 Analysis post about the LTH SOPR chart (April 2025)
📈 The realized profit ratio of long-term holders (LTH SOPR) shows how long-term holders are selling their coins at a profit. A value above 1 means the coins are being sold for a profit; below 1 — a loss.
In the past 6 months:
🔹 LTH SOPR has continuously remained above 1, mainly fluctuating between 1.5–3.5
🔹 This indicates that long-term holders are making profits — but not excessively, which suggests there is no panic selling.
🔹 Although BTC$BTC has adjusted from $106,000 down to around $85,000 in March, the price has recovered in Apri

The Z-Score chart of MVRV as of the end of April 2025 shows that the market is not overly hot. The current Z-Score is around 2–3 — much lower than the historical "red zone" (Z > 7) where the peaks of the $BTC cycle usually occur.
📉 This means:
The market is still in a phase of accumulation or moderate growth.
There is still potential for price increase — in previous cycles, major bullish moves started from similar Z Point levels.
The current Z point indicates the absence of crowd excitement.
📊 Conclusion: #Bitcoin has not yet entered the final stage of the parabolic bull run. Historically, t

🔥 Altcoin Season Index: 18/100 = Deep in #Bitcoin Season
Altcoins are still lagging behind. Although they have recently increased from 14 to 18, we are still far from the Altcoin Season (75+).
🧠 Meaning:
Bitcoin's dominance remains high
Retailers may still not have switched to altcoins.
Historical pattern: BTC$BTC strong → altcoin price surge delayed
⏳ This phase usually occurs before explosive altcoin price increases. If history repeats itself, the altcoin season may actually just be loading. Always stay alert. 📈