Key Takeaways

Is Bitcoin showing signs of accumulation?

Binance’s sender-to-receiver ratio just hit its lowest since early 2024, a sign of growing HODLer behavior.

Are altcoins in a buy zone?

Only 24% of Binance-listed alts are above their 200-day SMA, a pattern linked to accumulation phases.

Bitcoin’s [BTC] been holding its ground and getting stronger.

Even with long-term holders (LTHs) cashing in some profits, BTC barely flinched, resting near $110K through September.

But now, Binance’s BTC sender-to-receiver ratio just dropped, and only 24% of Binance-listed alts are trading above their 200-day MA.

Most of the market looks like it’s in accumulating in preparation for something bigger.

Fewer senders, more HODLers?

The 1-month MA of Binance’s Bitcoin sender-to-receiver ratio just hit its lowest point since early 2024.

This metric tracks how many people are sending BTC versus receiving it; and when receivers start to dominate, it indicates accumulation. In plain terms, fewer people are selling, and more are just sitting tight.

Spikes in this ratio have so far lined up with market tops. S

Go to Source to See Full Article
Author: Samyukhtha L KM