[Binance Research: Four On-Chain Signals Indicate Bitcoin Supply Tightening and Selling Pressure Exhausted] Binance Research released this week's chart analysis, highlighting that four on-chain signals point to the same conclusion: supply is tightening, and selling pressure has been exhausted. Long-term dormancy: Nearly 60% of BTC supply has remained unmoved for over a year, significantly higher than the 27% in 2012. The dormancy rate peaked at 69.5% in January 2024 when the spot Bitcoin ETF was approved, and it has since remained near historical highs. SLRV Ratio: The short-term to long-term holder value ratio is deeply entrenched in historical bottom territory, indicating subdued market sentiment. Long-term holders dominate supply, while short-term speculators have largely exited. Historically, every cycle bottom has coincided with this ratio entering the current range.