Sources : glassnode/OnChainCollege
Long-term investor confidence index
If the index is low, this means that their confidence is high and that Bitcoin is not at a fair price
And if it is high, confidence is low and the prices are not good for buying
Now where is the pointer?
Note that it reached a bottom when the price was 30 k
That is, long-term investors consider the price of 47 k attractive for long-term investment
As if at 30k
Investor confidence is on the rise
Note ❗️
Indicators of the On chain data
It works on the long term and does not care about price fluctuations
Sources: glassnode / OnChainCollege