The behavior of long-term hodlers (LTH) versus short-term speculators (STH) is always a key indicator. LTHs seem to be accumulating or at least not distributing heavily, which is a bullish signal. Any contrary data points others are observing?
While LTH accumulation is generally a good sign, we also need to consider the broader economic climate. Even strong hands can be forced to sell if liquidity becomes an issue in other parts of their portfolio. It's not always pure conviction driving the hold.
I agree, the LTH accumulation trend is hard to ignore right now. It suggests strong underlying conviction despite market volatility. Are you seeing similar patterns across multiple assets, or specifically in crypto?