@martinisalvatore
Long-term BTC holders (coins held for more than six months) are showing signs of exiting the distribution phase.
Since the summer, the share of supply held by LTHs has been steadily declining, a sign of aggressive profit-taking.
The balance has now returned to positive territory, with approximately 10,000 BTC flowing back into the wallets of long-term holders.
This is still a modest change, but it is significant in light of the process of forming a potential bottom.
Historically, changes of this type have often preceded phases of consolidation or, in some cases, actual bullish reversals, depending on the evolution of the broader trend.
Bottom formation is a long process, and this represents an important piece of the puzzle that is starting to fall into place.
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