Long-Term Holders (LTHs) currently maintain control of 53% of total network wealth, even after notable distribution. This marks an important cycle differentiator, as past market tops typically showed heavier LTH capitulation. However, with unrealized profits running high, the risk of further distribution remains. Elevated profitability often encourages selling pressure as investors lock in gains. If LTHs continue to reduce their holdings, the market could experience short-term volatility before stabilizing. On the other hand, their strong presence still indicates long-term confidence in the asset. Monitoring this balance will be crucial for predicting the next major move. ๐๐ฐ
