Bitcoin recently dropped to a monthly low of $56,567.10, down 6.2% in 24 hours. While short-term investors are leaving the market, a chart by crypto analyst Binhdangg shows long-term holders are not selling, suggesting confidence in a future bull run.

Binhdangg compares the current Bitcoin market to the stable period of mid-2019 to mid-2020, hinting that this phase of stability could precede significant price movement, as has happened historically.

The expert predicts major price shifts in late 2023 and early 2024. If accurate, long-term holders could see substantial gains from Bitcoin’s market behavior.