Long-Term Holder (LTH) Selling Pressure Eases

Indicators show distribution is slowing, and LTH supply is rising after months of decline—suggesting a shift toward holding rather than selling.

The % of LTH supply sent to exchanges saw a brief spike but quickly dropped as BTC traded around $80K. Some LTHs de-risked and took profits at $90K-$93K in early March. However, each distribution wave is becoming smaller in intensity and scale, signaling saturation and a potential completion of sell-offs at current price levels.

Bull markets are shaped by LTH profit-taking, balanced by STH demand. This cycle, LTH profits align with past cycles, but unlike before, they continue to hold a significant BTC supply—indicating that despite periodic distribution, a substantial portion of capital remains locked in.
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