@rostland
Long-term holders typically accumulate BTC across cycles. Significant selling by this group may signal peak confidence and mark local tops. On-chain metrics like LTH SOPR, realized profit distributions, and age of spent coins provide insight. Yet, in the current ETF-driven environment, institutional demand may absorb long-term holder supply, reducing immediate impact. Still, repeated large-scale LTH selling combined with declining new entrant participation often aligns with market exhaustion. Monitoring LTH behavior alongside derivative positioning helps anticipate potential cycle reversals.
0 reply
0 recast
0 reaction