Although LTH Supply Inflow has recorded several strong surges in recent months, the LTH Balance of $BTC is, in fact, still trending downward.
This suggests that the amount of $BTC aging into the Long-Term Holder cohort is still not enough to offset the coins leaving it, indicating that a portion of long-term investors continues to realize profits or distribute holdings into the market.
In other words, accumulation is still taking place, but it is not yet strong enough to reverse the decline in the total amount of BTC held by Long-Term Holders.
This will be an important metric to watch going forward, as a reversal in LTH Balance often carries more significance than short-term spikes in LTH Supply Inflow.
$BTC #Bitcoin #Onchain

Written by Rei Researcher
