Data shows that Bitcoin Long-Term Holders (LTHs) have largely held firm or even accumulated during the recent decline, with their supply continuing to grow, demonstrating a strong conviction pattern that is historically characteristic of later bear market phases or early accumulation, rather than panic-driven distribution.
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Data shows that Bitcoin Long-Term Holders (LTHs) have largely held firm or even accumulated during the recent decline, with their supply continuing to grow, demonstrating a strong conviction pattern that is historically characteristic of later bear market phases or early accumulation, rather than panic-driven distribution.
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Key on-chain metrics like MVRV (Market Value to Realized Value) and SOPR (Spent Output Profit Ratio) likely signaled overheating before the correction, as elevated values typically indicate excessive profit-taking and unsustainable price levels.
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