Binance Research: Four on-chain signals indicate tightening Bitcoin supply and exhaustion of selling pressure.

CoinFeed reported on May 18th that Binance Research released its weekly chart analysis, indicating that four on-chain signals all point to the same conclusion: supply is tightening and selling pressure has been exhausted. Long-term dormancy: Nearly 60% of the BTC supply has not moved for over a year, far higher than the 27% in 2012. The dormancy rate peaked at 69.5% in January 2024 when the spot Bitcoin ETF was approved, and has remained near historical highs since. SLRV indicator: The short-term long-term holder value ratio is deep in historical lows, indicating lukewarm market sentiment. Long-term holders dominate supply, and short-term speculators have largely exited. Historically, every cycle bottom has been accompanied by this ratio entering the current area.