In a recent update from COINOTAG News on November 8th, Ki Young Ju, CEO of CryptoQuant, highlighted a significant development regarding Bitcoin trading strategies. He revealed the emergence of a cyclical buy/sell signal derived from an innovative combination of on-chain indicators. This approach has seen only 1-2 signals activate per cycle, emphasizing the method’s precision.
The on-chain realized price serves as a crucial metric to assess a wallet’s profitability, showcasing the current state of Bitcoin wallets at an impressive +127% return. Historically, this value fluctuates, averaging around -24% during cycle lows and reaching 298% at cycle highs. Such information proves invaluable for traders, especially those with long-term strategies, who can now establish predefined alerts to navigate these cyclical conditions effectively.
Source: https://en.coinotag.com/bitcoin-cyclical-buy-sell-signal-revealed-insights-from-cryptoquant-ceo-ki-young-ju/