🔶 Overview:

This chart shows how long-term Bitcoin holders are accumulating or distributing their BTC over a 30-day period.

📊 Key Insights:

🔶 Price Trend (Blue Line):

BTC price has been trending upwards from $60K (Oct 2024) to above $115K (Jul 2025).

🔶 Accumulation Phase (Green Bars):

Significant accumulation started in April 2025, peaking in June 2025 with nearly +1M BTC (30D Sum) added by long-term holders.

This strong accumulation coincided with a sharp price increase.

🔶 Distribution Phase (Red Bars):

Heavy distribution occurred between Nov 2024 – Mar 2025, with a net change of around -750K BTC (30D Sum), which caused downward price pressure.

Recently, a small distribution signal is emerging (Jul 2025), indicating some profit-taking at the top levels.

🔶 Market Implication:

If the negative red bars grow, we may see short-term corrections.

However, the current $BTC price remains bullish, supported by previous strong accumulation.

💡 Conclusion:

Long-term holders' activity shows that accumulation drives rallies, while distribution phases often trigger pullbacks. Monitoring this indicator is crucial for predicting Bitcoin’s next move.