Simultaneously, they must gauge the sentiment and actions of LTHs, whose decisions to sell or hold can further influence the market's supply dynamics.
Thus, successful directional trading in this cycle will likely hinge on a multi-faceted approach. Traders will need to keep a close watch on ETF activity for signs of continued demand or emerging sell pressure. Simultaneously, they must gauge the sentiment and actions of LTHs, whose decisions to sell or hold can further influence the market's supply dynamics. Adapting trading strategies to account for these influences will be crucial for navigating the next phases of Bitcoin's market cycle effectively.