According to a new report from the analytics firm Alphractal, blockchain data reveals that long-term investors in Cardano have been accumulating the coin since 2021 without any major sell-offs, despite the ups and downs the market has experienced. This behavior reflects strong confidence in Cardano's future and a patient wait for a significant price breakout.
🔍 Key highlights from the report:
Long-term investors maintain their strong positions and continue to save.
Selling pressure from short-term investors is low compared to the 2021 cycle.
Market indicators have not yet reached the stage of excessive enthusiasm, indicating potential room for growth.
A rising Sharpe ratio could be an early signal for a strong price movement.
💡 What is the importance of the mentioned indicators?
The market heat index prepared by the company is based on three key metrics:
MVRV Z-Score: Measures whether the coin is over or undervalued compared to its true value.
RVT Ratio: Connects market capitalization with actual transaction activity.
NUPL: Defines the ratio of unrealized profits and losses.
📈 The low values of these indicators mean a cold market and good accumulation opportunities, while high values indicate a hot market and overbought conditions.
📌 Note: This is not investment advice, and personal research should be conducted before making any financial decisions.
❓ In your opinion.. Is Cardano on the verge of starting a historic upward wave?
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