Bitcoin's Mean Dollar Invested Age Shows "Sky is the Limit" After Another Historic All-Time High

🥳 Bitcoin has officially made a new all-time high, scraping as high as $93,850 on Coinbase at the time of this writing. Whale transactions and retail FOMO may make the short-term price action unpredictable, but the long-term indicators for BTC (and therefore, crypto) look quite sound.

When the Mean Dollar Invested Age line (highlighted in pink) is declining, this means that the average age of all tokens stagnantly moving in the same wallets is getting "younger". In any long-term bull market, it is necessary for older, dormant coins continuously moving back into circulation. This has been the most evident case of this since the initial flow of stagnant whale coins began moving aggressively back in October, 2020.

Monitor this MDIA line on this chart as weeks go by to see whether BTC is continuing to indicate that the bull market (which most presume we are currently experiencing) is justified.