Bitcoin’s LTH distribution has slowed down again, signaling a potential end to selling pressure and possible price stabilization...
price seemed to be hovering around 12% below its all-time high at press time, leaving many to wonder about the future direction of the market. Despite this dip, however, LTHs continue to distribute their Bitcoin holdings, albeit at a slower pace.
There is a declining 30-day change in LTH supply, suggesting that the peak of LTH selling pressure may have passed. This shift can be attributed to improving market sentiment and the stabilization of external pressures, which may have eased some of the concerns that prompted previous selling.measures the net accumulation or distribution of Bitcoin by LTHs over a rolling monthly period. When this metric rises, it often signals accumulation, while a decline typically indicates active distribution.
When comparing the current trend to previous cycles, it’s clear that similar distribution slowdowns have marked the end of bear markets or the start of bull markets. In 2015, 2019, and 2020, LTH distribution slowdowns were followed by reduced market volatility, setting the stage for upward trends. During these times, Bitcoin saw greater stability, higher confidence, and fresh inflows from new investors – All contributing to price hikes.
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