Okay, crypto fam, listen up! Something big is brewing with Ethereum. According to the sharp eyes of Ali Martinez over at PANews, ETH’s adjusted Sleeper Flow has just plunged below 1 million. And let me tell you, that’s a signal you DO NOT ignore.
For those unfamiliar, Sleeper Flow offers a fascinating view into the behavior of long-term ETH holders. It essentially tracks the movement of ETH that has been held for a significant period – think months, even years – and is now being potentially sold. A falling Sleeper Flow? That suggests these diamond-handed holders are…holding.
Historically, whenever this metric dips below 1 million, we’ve often seen it coincide with the macro bottom of an ETH cycle. No guarantees, obviously, because crypto is a wild west, but it’s an incredibly encouraging sign!
What does Sleeper Flow actually tell us?
Sleeper Flow is a crucial on-chain metric. It analyzes the activity of ETH held for extended periods. A drop in Sleeper Flow indicates that fewer long-term holders are selling their assets.
Why is this important?
This indicates a strong belief in ETH’s future. It suggests that those who’ve weathered the storms aren’t rushing for the exits. This displays increased confidence.
What about the ‘Macro Bottom’?
The ‘macro bottom’ is the lowest price point in a significant market cycle. Repeated historical occurrences link lower Sleeper Flows to this point. It’s a good, albeit imperfect indicator.
This potentially means Ethereum is seriously undervalued right now. Long-term holders are not panicking and selling, and that, my friends, is a very bullish signal. Could this be the buying opportunity we’ve all been dreaming of? I’m not saying ‘go all in’, but definitely pay attention. This is a game changer, people!
