Bitcoins ultra long-term holders, that held for 5+ years, are accumulating at a near record-exponential pace right now. They are probably the most experienced traders here.

If you really do want to know when we are possibly over with a bear market or some day with a bull market, it is the best to turn to the most experienced investors and holders that we have in the market. Usually you can measure that with on-chain data that shows when some coins were last moved. This is also used for the so-called HODL waves which are a very good metric to show you when the short-term or long-term holders are selling and also why to see which one are smarter ones.

Though it is not really a mystery that the longest holders are the smarter ones as they have just gathered more experience in the market, namely those that held for more than 5 years which is an astronomical time-period in Crypto. Those ultra long-term holders (as long-term alone is already people who hold for just 1+ years), have a good track-record of accumulating just when we are forming a bottom.

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Chart from Glassnode, edited by Charles Edwards on Twitter

This chart now illustrates how the curve is exponentially going up for the accumulation of those ultra long-term holders which consist of 5-7 year holders (green), 7-10 year holders (blue) and over 10 year holders (purple). It is very amazing how even 10+ year holders seem to be accumulating this bear market in literally record-pace and those have also never done a broader sell-off, ever.

I think it is very important to look at how the longer players in this market react to each drop and each bounce as those have more experience and usually a higher precision to buy at just the right time as they have actually relieved that right time a couple of times and them now buying at such a near-record pace is surely interesting to say the least.