According to online reports, CryptoQuant analyst Axel posted on social media that in the three major rises in Bitcoin in this round, long-term holders (LTH) have always continued to increase their holdings before prices rise strongly. This phenomenon first appeared near the US$28,000 mark: LTH's relative short-term holders (STH) holdings ultimately pushed the price above US$60,000 after 1-2 months of improvement. The second similar fundraising took place in the sideways stage of US$60,000, and this accumulation provided momentum for the subsequent surge to US$100,000. Today, at the key price of US$100,000, a continued growth in the LTH/STH position ratio has been observed again: this round of accumulation may last for 4-8 weeks. Referring to the rules of the previous two cycles, there is a high probability that there will be a strong upward trend. If a more conservative multiplier of 1.6 is used, the target range for the next round of gains will point to US$160,000.